Retail Property (High Street) in Goole
42-44 Boothferry Road, Goole DN14 5DA
- Lot No: 118
- Property Type: Retail Property (High Street)
- Contract Type: Unconditional with Variable Fee
Guide Price* £650,000+ plus fees
Property Description
A freehold investment opportunity comprising a two-storey building located along the busy Boothferry Road, North Humberside occupied by Iceland Foods Ltd. Current rental income £66,133 rising to £74,823 pa from 28th February 2025. The property is arranged on ground and one upper floor to provide a ground floor supermarket with a general office, whilst the first floor provides storage and staff facilities. The property benefits from a goods lift and side loading access off Stanhope Street. The property provides the following accommodation and dimensions (GIA) Gross Frontage 11.25m Net Frontage 10.20m Shop Depth 38.30m Built Depth 44.25m Ground Floor 485.80sq.m (5,229 sq. ft) First Floor 490.90sq.m (5,284 sq. ft) The property is let to ICELANDS FOODS LTD for a term of 25 years from 28 February 2005 at initial rent of £45,662 pa. The lease provides rent reviews every 5 years. Current rent passing £66,133 pa rising to £74,823 pa from 28th February 2025. Iceland has over 800 stores and Total sales at Iceland climbed 7.2% to £3.86bn for the 52 weeks ending 24 March 2023 (FY2022). The property is located in Goole within an established part of the western end of the river Humber, 22 Miles west of Kingston Upon Hull and 12 Miles Southwest of Scunthorpe, Junction 36 of the M62 and M62/M18 (Junction 7) are located 1 and 3 miles respectively west of the town Centre. The property is situated in a busy pedestrianised location on one of Gooles principal retail thoroughfares. Within the vicinity are multi storey car parks, Goole Railway station, busy stops and numerous National retailers. Interested parties are advised to inspect the legal pack for more information. We are advised VAT is applicable. See legal pack for confirmation.
Note
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Tenure
Freehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 27th March 2024
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
If you have any questions, call our team on 0800 046 5454