Lot 40 details
6 Week completion
Occupying an excellent trading position in the pedestrianised section of the town centre, opposite Peacocks, adjacent to Oxfam and amongst such other multiple traders as Santander, Tui, Poundland, Greggs, Costa Coffe and Cancer Research.
In addition, the property is close the junction with Market Place which hosts other traders including Boots, Primark and Superdrug as well as a Street Market.
Loughborough is a busy town lying some 12 miles north of Leicester and 21 miles south-east of Derby with excellent road access via the A6 which links to the M1.
A mid terraced building comprising a Ground Floor Shop with internal and separate front access via a rear communal balcony to a Self-Contained Upper Part (previously a flat) currently used as Treatment Rooms/Ancillary Areas on the first and second floors.
No. 54 - Ground Floor Shop
Gross Frontage 16'8"
Internal Width 14'3"
widening to 15'3"
Shop & Built Depth 52'9"
Including 2 Treatment Rooms & WC
No. 52a - First & Second Floor (Previously a Flat)
3 Treatment Rooms
Wash Room, WC & external Store Area Approx. 240 sq ft
3 Treatment Rooms, Staff Room & Shower Room Area Approx. 360 sq ft
VAT is applicable to this Lot
Leasehold for a term of 2,000 years from completion at a peppercorn.
The entire property is let on a full repairing and insuring lease to S. Murphy as a Beauty Salon for a term of 20 years from 29th September 2004 at a current rent of £22,000 per annum exclusive (see Note 1).
Rent Review August 2022
Note 1: The tenant currently pays £17,600 p.a. by way of a personal concession which expires on 23rd June 2019 and is not binding on the Purchaser of the Freehold.
Note 2: £5,125 Rent Deposit held.
Note 3: We understand that the property has been used as a Beauty Salon for over 48 years.