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Monday, 15th July 2013 (commencing 12pm) - List still open
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7
LOT
60 Derby Road, Nottingham,
Nottinghamshire NG1 5FD
Reserve Below
£180,000
View of Interior
3 MONTH COMPLETION
SITUATION
Located in the city centre, close to the junction with Upper
Parliament Street near to City Gate West which houses Ernst
& Young , IBM and HSE , near an RBS and Londis . The
parade enjoys a high occupancy level by a number of well
established specialist retailers and is within close proximity
to the Playhouse Theatre and Park.
Nottingham lies some 25 miles north of Leicester and is the
principal shopping and financial centre of the East Midlands
with excellent road access via the M1 (Junctions 24–26).
VAT is payable in respect of this Lot
TENURE
Leasehold for a term from 9th August 2012 to
9th September 2144 (132 years and 1 month) at a fixed
ground rent of £1 p.a.
TENANCY
The property is let on an effectively full repairing and insuring
lease to Le Chien et Moi Ltd as Home Furnishings &
Collectables (www.lechienetmoi.com) for a term of 12
years from 12th September 2007 at a current rent of £18,000
per annum exclusive.
PROPERTY
Forming part of an end of terrace Grade II Listed building
comprising a Ground Floor Shop with internal access to
Basement Storage .
Rent Reviews 2013 & 2016
ACCOMMODATION
Ground Floor Shop
Gross Frontage
Tenant’s Break September 2015 (If tenant does not
operate Break then the Head Lessor has agreed to the
Tenant paying half rent for 8 months).
25'7"
Return Frontage
68'11"
Internal Width
24'11
Note: The tenant did not exercise the September 2011
Break Clause.
Shop Depth
58'1"
Built Depth
67'0"
Sales Area Approx
1,275 sq ft
WC
Basement
Storage Area
Approx 790 sq ft
JOINT AUCTIONEER
FHP Property Consultants, 10 Oxford Street,
Nottingham NG1 5BG. Tel: 0115 950 7577 Ref: N Roper Esq
VENDOR’S SOLICITORS
Lawrence Stephens Solicitors – Tel: 020 7936 8888
Ref: S. Messias Esq – Email: smessias@lawstep.co.uk
£18,000 per annum
The Surveyors dealing with this property are
JONATHAN ROSS and NICHOLAS BORD
FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE
The successful Buyer will be liable to pay the Auctioneers an administration
fee of £275 (including VAT) upon exchange of contracts
14

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