Location Estimated District Population: 93,000 Miles: 8 miles north of Whitehaven 34 miles south-west of Carlisle
Roads: A66, A596, M6
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan
Position The property is located in a prominent location on Finkle Street, close to its junction with Murray Road and the pedestrianised Pow Street, the town’s principal retailing thoroughfare.
Rent £41,000 pa
Freehold Retail Investment
• Let to Poundstretcher Properties Limited with a guarantee from InStore Limited
• Lease expires January 2023 (subject to option)
• Large store (approx 9,130 sq ft) • 6Week Completion Available
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The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Cleggs Solicitors. t: 0115 977 5800. e: it@cleggssolicitors.com Ref: I Torr Esq.
Nearby: Boots the Chemist, Superdrug, Dorothy Perkins, EdinburghWoollen Mill, Savers, Sports Direct, Iceland, Marks & Spencer and branches of the main banks
Description LARGE SHOP arranged on the ground, basement, first and second floors.
POUNDSTRETCHER PROPERTIES LIMITED (1) with a guaranteee from INSTORE LIMITED (2)
Lease Term: 25 years from 30th January 1998 Basis: FRI Rent: £41,000 per annum Reviews: 2013 and 2018 Expiry: January 2023 (3)
VAT is applicable to this lot – please see Special Conditions of Sale.
Net Internal Areas
315.86 sq m 125.41 sq m 283.34 sq m 123.55 sq m
848.16 sq m
(1) Poundstretcher Properties Ltd for the year to 04/11 reported a total turnover of £6.9 million. (Source: One Source One-Stop Report) (2) InStore Limited for the year to 4/11 reported a net worth of £96.3 million (Source: One Source One-Stop Report) (3) The lease incorporates a tenant’s option to break in 2018 – please see legal documentation. (4) Areas provided by the Vendor.