Majority let to Blacks Outdoor Retail Limited t/a Millets – a part of JD Sports Fashion plc until 2024 (subject to option)
Comprises two retail units – totalling approximately 419.39 sq m (4,515 sq ft)
Well located adjacent to the major Eden Shopping Centre
Affluent London commuter town
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 12
Auction 11th February 2016
Rent £60,464 per Annum Exclusive
Status Sold
Price £770,000
Sector High Street Retail
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Insolvency Practitioners Deloitte
Property Information
Location
Miles
7 miles north-west of Beaconsfield, 8 miles south-west of Amersham, 28 miles north-west of Central London
Roads
A40, A404, M40 (Junctions 3 & 4)
Rail
High Wycombe Railway Station
Air
London Heathrow Airport
Situation
The property is situated in a prominent corner position in the heart of the pedestrianised town centre, at the junction of White Hart Street and Bull Lane. The property is situated adjacent to an
entrance to the major Eden Shopping Centre, housing occupiers including House of Fraser, Boots the Chemist, BHS, Next, H&M, Zara, Topshop/Topman and Superdrug.
Tenure
Freehold.
Location
Miles
7 miles north-west of Beaconsfield, 8 miles south-west of Amersham, 28 miles north-west of Central London
Roads
A40, A404, M40 (Junctions 3 & 4)
Rail
High Wycombe Railway Station
Air
London Heathrow Airport
Situation
The property is situated in a prominent corner position in the heart of the pedestrianised town centre, at the junction of White Hart Street and Bull Lane. The property is situated adjacent to an
entrance to the major Eden Shopping Centre, housing occupiers including House of Fraser, Boots the Chemist, BHS, Next, H&M, Zara, Topshop/Topman and Superdrug.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with retail and ancillary accommodation on the first floor. 30 White Hart Street benefits from frontages to both White Hart Street and Bull Lane.
Six Week Completion
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these
particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.
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 two ground floor retail units with retail and ancillary accommodation on the first floor. 30 White Hart Street benefits from frontages to both White Hart Street and Bull Lane.
Six Week Completion
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these
particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.
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
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
30 White Hart Street
Ground First
Retail Retail/Ancillary
126.60 sq m 163.60 sq m
(1,363 sq ft) (1,761 sq ft)
BLACKS OUTDOOR RETAIL LIMITED (t/a Millets) (1)
10 years from 10/11/2014 until 09/11/2024 (2)
£50,000 (3)
10/11/2019
3 Bull Lane
Ground
Retail/Ancillary
129.19 sq m
(1,391 sq ft)
INDIVIDUAL (t/a Phoneland)
Tenancy at Will (4)
£10,464.55 (5)
Totals
419.39 sq m
(4,515 sq ft)
£60,464.55
1) Blacks Outdoor Retail Limited is a subsidiary (and part of The Outdoor Division) of JD Sports Fashion plc. It currently trades from around 80 Millets and 74 Blacks stores. JD Sports Fashion plc are expanding Blacks Outdoor Retail Limited through corporate and single shop acquisitions, most recently acquiring Oswold Bailey Limited. (Source: www.jdplc.com and www.millets.co.uk). (2) The lease provides for a tenant option to determine on 9th November 2019. (3) The current rent reserved under the terms of the lease is £25,000 p.a.x, the rent will increase to £50,000 p.a.x on 10th February 2016. (4) Heads of Terms have been agreed with the tenant for a new 10 year lease (subject to a schedule of condition) at a rent of £10,000 p.a.x with a rent review and tenant option to determine in the 5th year. The tenant will be required to pay to the landlord a 3 month rent deposit on completion of the lease. (5) The tenant occupies the unit on a Tenancy at Will at a rent of £28.67 per day. The rent stated above has been annualised.
