Ten Units Let to Tenants including Barnardos, Papa Johns and William Hill
Busy Residential Area some 2 miles from Swindon Town Centre
Benefits from Large Yard to Rear
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 11
Auction 7th July 2016
Rent £158,060 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
34 miles north-east of Bath, 40 miles east of Bristol
Roads
A419, A420, M4 (Junction 15)
Rail
Swindon (Wilts); approximately 1 hour to London Paddington, 45 mins to Bristol Temple Meads
Air
Bristol Airport
Situation
Walcot is a predominantly residential suburb, some 2 miles from Swindon town centre. The property is located on the southern side of Whitbourne Avenue which links with Queens Drive (A4259) to the west. Nearby occupiers include Cooperative Supermarket and Lloyds Pharmacy.
Tenure
Freehold.
Location
Miles
34 miles north-east of Bath, 40 miles east of Bristol
Roads
A419, A420, M4 (Junction 15)
Rail
Swindon (Wilts); approximately 1 hour to London Paddington, 45 mins to Bristol Temple Meads
Air
Bristol Airport
Situation
Walcot is a predominantly residential suburb, some 2 miles from Swindon town centre. The property is located on the southern side of Whitbourne Avenue which links with Queens Drive (A4259) to the west. Nearby occupiers include Cooperative Supermarket and Lloyds Pharmacy.
Tenure
Freehold.
Description
The property comprises an L shaped building providing ten retail units. A yard to the rear is used for servicing access and parking. There is a large car park adjacent to the property, not included within the demise for sale
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an L shaped building providing ten retail units. A yard to the rear is used for servicing access and parking. There is a large car park adjacent to the property, not included within the demise for sale
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/(Reversion)
2
Ground
163.14 sq m
(1,756 sq ft)
BARNARDO’S (1)
9 years 6 months from 11/01/2015 (2)
£25,000
(10/07/2024)
3
Ground
152.36 sq m
(1,640 sq ft)
INDIVIDUAL (t/a Post Office)
Approx. 13 years 6 months from 01/04/2014 until 28/09/2027 (3)
£18,000
01/04/2019 (28/09/2027)
4
Ground
68.00 sq m
(732 sq ft)
HAIRCARE (SWINDON) LIMITED
17 years from 29/09/2010 until 28/09/2027
£10,000
29/09/2017 (28/09/2027)
5
Ground
109.44 sq m
(1,178 sq ft)
INDIVIDUAL
17 years from 29/09/2010 until 28/09/2027 (2)
£15,000
29/09/2017 (28/09/2027)
6
Ground
147.71 sq m
(1,590 sq ft)
WILLIAM HILL ORGANIZATION LIMITED (4)
Approx 17 years from 29/09/2010 until 16/08/2027 (3)
£25,560
17/07/2017 (16/08/2027)
7
Ground
85.38 sq m
(919 sq ft)
INDIVIDUALS (t/a Premier Convenience Store)
Approx 7 years from 29/09/2010
£12,000
(11/10/2017)
8
Ground
91.88 sq m
(989 sq ft)
INDIVIDUAL (t/a Fish Chips & Chinese)
Approx 17 years from 29/09/2010 until 11/10/2027 (3)
£13,500
12/10/2017 (11/10/2027)
9
Ground
87.05 sq m
(937 sq ft)
INDIVIDUAL (t/a Zeera Indian)
Approx 17 years from 29/09/2010 until 11/10/2027 (3)
£15,000
(11/10/2027)
10
Ground
84.54 sq m
(910 sq ft)
PAPA JOHN’S (GB) LIMITED (5)
Approx 12 years 2 months from 29/09/2010 until 24/12/2022 (3)
£15,000
25/12/2017
11
Ground
65.03 sq m
(700 sq ft)
INDIVIDUAL (t/a Cavendish Grocery Store)
Approx 17 years 6 months from 29/09/2010 until 19/03/2028
£9,000
20/03/2018
Total
1,054.53 sq m
(11,351 sq ft)
£158,060
(1) Barnardos is the UK’s leading children’s charity with 640 charity shops across the UK (www.barnardos.org.uk 09/06/2016) (2) The leases provides an option to determine varying from July 2019 to September 2019. Please refer to the legal pack for the exact date. (3) The leases provides an option to determine varying from July 2017 to December 2017. Please refer to the legal pack for the exact date. (4) Founded in 1934, William Hill is the UKs largest land-based bookmaker and employs over 16,000 people in nine countries (www.williamhillplc.com) (5) The property has been sublet and is trading as MJ Kebab & Pizza Takeaway. For the year ending 28th December 2014, Papa John’s (GB) Limited reported a turnover of £38,323,000, pre-tax profits of £2,315,000 and a total net worth of £4,453,000 (Source: Experian Group 09/06/2016)