For Sale Freehold AWS
13 High Street Daventry NN11 4BG
For Sale Freehold Retail/Commercial Investment Ground Floor Leased to Ladbrokes Separate Upper Floors Leased to a Beauticians Current Rent £30,500 per annum with fixed increase in November 2017 Offers Based On £395,000 (STC)
CONTACT Simon Hain 01926 888181 [email protected]
ehB Commercial Somerset House Clarendon Place Royal Leamington Spa CV32 5QN t: 01926 888181 f: 01926 888018 e: [email protected] www.ehbcommercial.com Chartered Surveyors Commercial Property Advisors Commercial Property Agents Property Managers
P•1
13 High Street Daventry NN11 4BG
Location The subject property is located on High Street, the prime retail road running through the heart of Daventry town centre. The property is opposite Lloyds Bank and other nearby occupiers include Nationwide Building Society, Halifax Building Society and a number of local restaurants and estate agents. High Street is partially pedestrianised in this area although there is some on street parking immediately opposite. The property also benefits from a vehicular access off West Court to a rear car park. Description & Accommodation The subject property comprises an elegant mid-terraced Georgian building converted to a retail and commercial use along with a substantial ground floor rear extension. The ground floor comprises a large open plan bookmakers occupied by Ladbrokes along with a small retail area to the front. The uppers floors, which are occupied as a beauticians, comprises first and second floors which are nicely fitted out as treatment rooms and ancillary areas. To the rear is a car park with space for approximately four vehicles. The following areas are provided:Betting Office 1,422 sq.ft. (132.1 sq.m.) Retail Unit Beauticians
745 sq.ft. ( 69.2 sq.m.) 951 sq.ft. ( 88.4 sq.m.)
Tenure The property is for sale freehold being currently subject to two occupational leases. The whole of the ground floor is currently leased to Ladbrokes Betting and Gaming Limited on a fifteen year lease from 1st July 2006. The current rent passing is £23,000 per annum and there is an outstanding rent review from July 2016. The lease has just over four years until expiry and is written on full repairing and insuring terms. Ladbrokes sublet the retail shop unit by way of a Tenancy at Will. The shop currently trades as Auto World. The upper floors are leased to Orlenka Sydorenka by way of a lease from 2015 expiring 13th November 2019. The current rent passing is £7,500 per annum and there is a fixed uplift to £8,000 per annum from November 2017 until expiry. The lease is effectively drawn on full repairing terms. There is a tenant option to break the lease in November of this year but the tenant must give six months notice. The total current total rent passing is £30,500 per annum with a fixed uplift to £31,000 per annum from November of this year.
Price The property is for sale freehold and subject to the two occupational leases. Price £395,000 (subject to contract) No VAT. Viewing Strictly by arrangement with the sole selling agents ehB Commercial Limited. EPC E103
P •22 ehB Commercial for themselves and for the seller/lessor of this property who agents they are give notice that 1. These particulars do not constitute any part of an offer or a contract. 2. All statements contained in these particulars are made without responsibility on the part of the agent(s) or the seller/lessor. 3. None of the statements contained in these particulars are to be relied upon as a statement or representation of fact. 4. Any intending buyer or tenant must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. ehB Commercial does not make or give nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
For Sale Freehold Retail/Commercial Investment Ground Floor Leased to Ladbrokes Separate Upper Floors Leased to a Beauticians Current Rent £30,500 per annum with fixed increase in November 2017 Offers Based On £395,000 (STC)
CONTACT Simon Hain 01926 888181 [email protected]
ehB Commercial Somerset House Clarendon Place Royal Leamington Spa CV32 5QN t: 01926 888181 f: 01926 888018 e: [email protected] www.ehbcommercial.com Chartered Surveyors Commercial Property Advisors Commercial Property Agents Property Managers
P•1
13 High Street Daventry NN11 4BG
Location The subject property is located on High Street, the prime retail road running through the heart of Daventry town centre. The property is opposite Lloyds Bank and other nearby occupiers include Nationwide Building Society, Halifax Building Society and a number of local restaurants and estate agents. High Street is partially pedestrianised in this area although there is some on street parking immediately opposite. The property also benefits from a vehicular access off West Court to a rear car park. Description & Accommodation The subject property comprises an elegant mid-terraced Georgian building converted to a retail and commercial use along with a substantial ground floor rear extension. The ground floor comprises a large open plan bookmakers occupied by Ladbrokes along with a small retail area to the front. The uppers floors, which are occupied as a beauticians, comprises first and second floors which are nicely fitted out as treatment rooms and ancillary areas. To the rear is a car park with space for approximately four vehicles. The following areas are provided:Betting Office 1,422 sq.ft. (132.1 sq.m.) Retail Unit Beauticians
745 sq.ft. ( 69.2 sq.m.) 951 sq.ft. ( 88.4 sq.m.)
Tenure The property is for sale freehold being currently subject to two occupational leases. The whole of the ground floor is currently leased to Ladbrokes Betting and Gaming Limited on a fifteen year lease from 1st July 2006. The current rent passing is £23,000 per annum and there is an outstanding rent review from July 2016. The lease has just over four years until expiry and is written on full repairing and insuring terms. Ladbrokes sublet the retail shop unit by way of a Tenancy at Will. The shop currently trades as Auto World. The upper floors are leased to Orlenka Sydorenka by way of a lease from 2015 expiring 13th November 2019. The current rent passing is £7,500 per annum and there is a fixed uplift to £8,000 per annum from November 2017 until expiry. The lease is effectively drawn on full repairing terms. There is a tenant option to break the lease in November of this year but the tenant must give six months notice. The total current total rent passing is £30,500 per annum with a fixed uplift to £31,000 per annum from November of this year.
Price The property is for sale freehold and subject to the two occupational leases. Price £395,000 (subject to contract) No VAT. Viewing Strictly by arrangement with the sole selling agents ehB Commercial Limited. EPC E103
P •22 ehB Commercial for themselves and for the seller/lessor of this property who agents they are give notice that 1. These particulars do not constitute any part of an offer or a contract. 2. All statements contained in these particulars are made without responsibility on the part of the agent(s) or the seller/lessor. 3. None of the statements contained in these particulars are to be relied upon as a statement or representation of fact. 4. Any intending buyer or tenant must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. ehB Commercial does not make or give nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
