Marks & Spencer Simply Foods 36 Monday Market Street Devizes Wiltshire SN10 1DW

Marks & Spencer Simply Foods
36 Monday Market Street
Devizes
Wiltshire
SN10 1DW

Freehold Supermarket Investment

  • Entirely let to Marks & Spencer Simply Foods Limited (guaranteed by Marks &
  • Spencer plc) until 2030 (subject to option)
  • Minimum fixed rental uplift
  • Prominent corner position in affluent and historic market town
  • Nearby occupiers include Tesco Metro, Boots, Costa Coffee and Halifax Bank
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    11
  • Auction
    9th July 2015
  • Rent
    £72,500 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Supermarket
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Supermarket Investment

  • Entirely let to Marks & Spencer Simply Foods Limited (guaranteed by Marks &
  • Spencer plc) until 2030 (subject to option)
  • Minimum fixed rental uplift
  • Prominent corner position in affluent and historic market town
  • Nearby occupiers include Tesco Metro, Boots, Costa Coffee and Halifax Bank
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 11
  • Auction 9th July 2015
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    Supermarket
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
19 miles south of Swindon, 21 miles east of Bath, 36 miles east of Bristol
Roads
A360, A361, M4 (Junction 17)
Rail
Devizes Rail Station
Air
Bristol Airport
Situation

Devizes is an affluent and historic market town approximately 21 miles east of Bath. The property is situated in a highly prominent corner location in the town centre on the northern side of Monday Market Street near its junction with The Brittox, New Park Street (A361) and Maryport Street. The property adjoins the Towns Market Place Car Park to the rear and is in close proximity to the larger Central Car Park. Nearby occupiers include Tesco Metro, Boots, Costa, Halifax Bank, Wilkinson and Thomas Cook.

Tenure

Freehold.

Location
Miles
19 miles south of Swindon, 21 miles east of Bath, 36 miles east of Bristol
Roads
A360, A361, M4 (Junction 17)
Rail
Devizes Rail Station
Air
Bristol Airport
Situation

Devizes is an affluent and historic market town approximately 21 miles east of Bath. The property is situated in a highly prominent corner location in the town centre on the northern side of Monday Market Street near its junction with The Brittox, New Park Street (A361) and Maryport Street. The property adjoins the Towns Market Place Car Park to the rear and is in close proximity to the larger Central Car Park. Nearby occupiers include Tesco Metro, Boots, Costa, Halifax Bank, Wilkinson and Thomas Cook.

Tenure

Freehold.

Description

The property comprises retail and ancillary accommodation over the ground
and first floors with two residential flats on the second floor.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 retail and ancillary accommodation over the ground
and first floors with two residential flats on the second floor.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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
First
Retail/Ancillary
Ancillary
538.00 sq m
459.20 sq m
(5,791 sq ft)
(4,942 sq ft)
MARKS & SPENCER
SIMPLY FOODS LIMITED
(Guaranteed by Marks and
Spencer plc) (1)
25 years from 28/02/2005 until 27/02/2030 on a full
repairing and insuring lease (2)
£72,500 28/02/2020 and five yearly
thereafter to a minimum 2.5% compound rental uplift (3)
Second
Residential Flat 1
Not Measured
INDIVIDUAL 99 years from 29/09/1985 Peppercorn (28/09/2084)
Second Residential Flat 2
Not Measured
INDIVIDUAL 99 years from 29/09/1985 Peppercorn (28/09/2084)
Totals Commercial Only
997.20 sq m
(10,733 sq ft)
    £72,500

(1) For the year ending 29th March 2014, Marks & Spencer Simply Foods Limited reported a turnover of £653,471,000, pre-tax profits of £75,101,000 and a total net worth of £221,776,000. (Source: www.riskdisk.com 08/06/2015)
For the year ending 29/03/2014, Marks and Spencer plc reported a turnover of £10,309,700,000, pre-tax profits of £580,400,000 and a total net worth of
£4,383,400,000. (Source: www.riskdisk.com 08/06/2015)
(2)The lease provides a tenant option to determine on the twentieth anniversary of the term.
(3)The rent is reviewed to the higher of 2.5% compounded annually or Open Market Rental Value. The rent will therefore rise to a minimum of £74,820 p.a.x. in 2020 and £84,653 p.a.x. in 2025.

Property Documents

  • Site Plan
    Updated Date
    16.06.15
    File Size
    115 KB
    View PDF
  • Catalogue Page
    Updated Date
    16.06.15
    File Size
    718 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Wallace LLP 1 Portland Place
London
W1B 1PN
+44 (0)20 7636 3736
Jackie Boot +44 (0)20 7467 8722jackie.boot@wallace.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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