Two Retail Units let to William Hill Plc and XL Telecom Ltd
Central location within historic town
Nearby occupiers include Barclays Bank, HSBC, Costa Coffee, Greggs and Superdrug
Lot 73
Auction 23rd October 2014
Rent £35,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
25 miles north of Bristol, 32 miles east of Cardiff
Roads
A466, A48, M48, M4
Rail
Chepstow Railway Station
Air
Bristol International Airport
Situation
Chepstow is a historic town in Monmouthsire, some 25 miles north of Bristol. The property is situated in the town centre on the eastern side of Station Road, close to its junction with the High Street and St Mary Street. Nearby occupiers include Barclays Bank, HSBC, Costa Coffee, Greggs and Superdrug. The property benefits from pedestrian access to the rear.
Tenure
Freehold.
Location
Miles
25 miles north of Bristol, 32 miles east of Cardiff
Roads
A466, A48, M48, M4
Rail
Chepstow Railway Station
Air
Bristol International Airport
Situation
Chepstow is a historic town in Monmouthsire, some 25 miles north of Bristol. The property is situated in the town centre on the eastern side of Station Road, close to its junction with the High Street and St Mary Street. Nearby occupiers include Barclays Bank, HSBC, Costa Coffee, Greggs and Superdrug. The property benefits from pedestrian access to the rear.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with one of the units benefitting from retail/office accommodation over the entire first floor of the property.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with one of the units benefitting from retail/office accommodation over the entire first floor of the property.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground
Retail
96.06 sq m
(1,003 sq ft)
WILLIAM HILL (WESTERN) LIMITED (1)
20 years from 05/11/1997
£15,000
(04/11/2017)
Ground First
Retail Retail/Office
76.20 sq m 158.19 sq m
(820 sq ft) (1,703 sq ft)
XL TELECOM LTD (2) (t/a Glow)
8 years from 17/04/2014 until 16/04/2022 (3)
£20,000
17/02/2016 and 17/02/2019
Totals
330.45 sq m
(3,526 sq ft)
£35,000
(1) William Hill is the UK’s leading bookmaker and one of the most recognised and trusted brands in the gambling industry, providing gaming and betting services across multiple channels; online, on the high street, on the phone and on the move. They have been listed on the London Stock Exchange (WHM.L) since 2002 and employ over 15,000 with 2,370 licensed betting shops across the UK. (Source: www.williamhillplc.com 16/09/2014) (2)XL Telecom Ltd is a market leader in high quality, cost saving telecoms solutions, providing services and solutions to corporate customers, public sector, SME’s and growing businesses. (Source: http://www.xltelecom.co.uk 15/09/2014) (3)The lease to XL Telecom Ltd provides an option to determine at the second and fifth anniversary of the term.
