7 - 7A Station Road Wickford Essex SS11 7AS

7 - 7A Station Road
Wickford
Essex
SS11 7AS

Freehold Retail Investment

Let to Done Brothers (Cash Betting) Limited until 2024
Prominent location adjacent to Wickford Rail Station
Close proximity to the The Willows Shopping Centre and prime retailing thoroughfare
Nearby occupiers include Aldi, Subway and Premier Convenience Store
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
40
Auction
30th March 2017
Rent
£19,045 per Annum Exclusive
Status
Sold
Price
£390,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund Manager

Important Update

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Freehold Retail Investment

Let to Done Brothers (Cash Betting) Limited until 2024
Prominent location adjacent to Wickford Rail Station
Close proximity to the The Willows Shopping Centre and prime retailing thoroughfare
Nearby occupiers include Aldi, Subway and Premier Convenience Store
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 40
Auction 30th March 2017
Rent £19,045 per Annum Exclusive
Status Sold
Price £390,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund Manager

Property Information

Location

Miles: 11 miles south of Chelmsford, 30 miles North East of London
Roads: A130, A127
Rail: Wickford Railway Station
Air: London City and London Stansted Airports

Situation

Wickford is a popular commuter town in the borough of Basildon in Essex. The property is prominently situated on Station Avenue, close to its junction with The Broadway which provides direct access to the prime retailing pitch. The Willows Shopping Centre is within close proximity and houses occupiers including New Look, Boots, Superdrug and HSBC. Other nearby occupiers include Aldi, Subway and Premier Convenience Store.

Tenure

Freehold.

Location

Miles: 11 miles south of Chelmsford, 30 miles North East of London
Roads: A130, A127
Rail: Wickford Railway Station
Air: London City and London Stansted Airports

Situation

Tenure

Freehold.

Description

The property comprises a ground floor betting shop with a self-contained two bedroom flat at first floor. The property benefits from car parking for approximately 4 cars to the rear of the property.

VAT

VAT is not 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 a ground floor betting shop with a self-contained two bedroom flat at first floor. The property benefits from car parking for approximately 4 cars to the rear of the property.

VAT

VAT is not 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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First	Retail Residential	105.4 sq m Two Bedroom Flat	(1,134 sq ft)	DONE BROTHERS (CASH BETTING) LIMITED (1) (2)	15 years from 24/06/2009 until 23/06/2024 on a full repairing and insuring lease	£19,045	24/06/2019
Total Commercial Area		105.4 sq m	(1,134 sq ft)			£19,045

(1) For the year ending 26th September 2015, Done Brothers (Cash Betting) Limited reported a turnover of £320,065,000, pre-tax profits of £29,293,000 and a total net worth of £23,115,000 (Source: Experian Group 20/02/2017).
(2) The lease has been assigned from Coral Estates Limited. Coral Estates Limited, guaranteed by Coral Racing Limited, remain liable by way of an Authorised Guarantee Agreement. For the year ending 26th September 2015, Coral Estates Limited reported a turnover of £20,311,000, pre-tax profits of £2,496,000 and a total net worth of £25,719,000 (Source: Experian Group 20/02/2017).