Freehold Retail Investment
Freehold Retail Investment
The property is situated in a prominent position on Welling High Street, in the London Borough of Bexley. Nearby occupiers include the substantial Morrison’s supermarket, Boots the Chemist and Domino’s Take Away Pizza.
Freehold.
The property is situated in a prominent position on Welling High Street, in the London Borough of Bexley. Nearby occupiers include the substantial Morrison’s supermarket, Boots the Chemist and Domino’s Take Away Pizza.
Freehold.
The property comprises ground retail unit with an additional upper floor of ancillary accommodation.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground retail unit with an additional upper floor of ancillary accommodation.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First and Second |
Retail Ancillary accommodation |
43.90 sq m 28.40 sq m |
(473 sq ft) (306 sq ft) |
THOMAS COOK TRAVELLTD guaranteed by ThomasCook Group UK Ltd (t/a TheCo-operative Travel) (1) | 10 years from 01/10/2011 until 2021 on a full repairing and insuring lease (2) (3) (4) |
£7,800 |
01/10/2016 |
| Totals | 72.30 sq m |
(779 sq ft) |
£7,800 | ||||
(1) For the year ending 30th September 2010 Thomas Cook Group UK Limited reported a total net worth of £718,887,000. (Source:www.riskdisk.com 18/04/2012)
(2) The lease provides for a tenant’s option to determine on the 1st October 2016.
(3) The lease is subject to a Schedule of Condition.
(4) On 4th October 2011 Thomas Cook Group, The Co-Operative Travel and Midlands Co-Operative established a joint venture to combine their UK High Street travel and foreign exchange businesses, creating the UK’s largest travel retailer with around 1,200 branches across England, Scotland, Wales and Northern Ireland.
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