Iceland, Hucknall
Iceland, Ashgate Road, Nottingham, NG15 7AQBasic Facts
| Property ID: 12387 | Post Updated: 2020-06-08 14:54:27 |
| Status: Acquired | Type: Supermarket |
| Tenure: Freehold | Area: 8500 sq ft |
| Gross Rent: £ 128,000 | Lease Term: Expiring Feb '30 |
| Lease Term Expiry Date: 01/02/30 | Years left on Lease: 5.8 |
| VAT applicable: Yes |
Property Description
- Freehold Blue-Chip Supermarket Investment.
- Large ground floor shop with area of approx 8,500 sq.ft.
- Property benefits from 55 parking spaces.
Location Description
- Situated within 1 mile from Hucknall Town Centre, which is just 6 miles from Nottingham.
- Located in a predominantly residential area & next door to Aldi (who have been in occupation for 10 years).
Tenancy
- Let to Iceland Foods Limited, lease expiring in February 2030 (Iceland removed the 2025 break clause showing it’s a good trader).
- Current rent of £128,000 with fixed rental increase in 2025 to £133,649.
- For the year ended 29th March 2019, Iceland Foods Limited reported a turnover of 3bn, a pre-tax profit of £31m, shareholders funds of £810m and a net worth of £793m.
Features
£1m - £5m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Large plot
Suitable for a SIPP
