Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the instructions of T Perkin and C Hayes-Hall of CBRE Limited acting as Joint Fixed Charge Receivers
Property Information
Location
Miles
13 miles north-east of the City of London 7 miles south-west of Brentwood
Roads
A1251, A125, A126, A118, A12
Rail
Romford Railway Station (17 minutes direct to London Liverpool Street)
Air
London City, London Stansted, London Southend and London Gatwick Airport
Situation
The property is situated in the heart of this popular market town on the east side of the busy pedestrianised South Street and close to the major 100+ unit Liberty Shopping Centre and The Brewery Shopping Centre. Neighbouring occupiers include Marks & Spencer, Primark, Greggs, Superdrug, Nationwide Building Society and Burger King.
Tenure
Freehold.
Location
Miles
13 miles north-east of the City of London 7 miles south-west of Brentwood
Roads
A1251, A125, A126, A118, A12
Rail
Romford Railway Station (17 minutes direct to London Liverpool Street)
Air
London City, London Stansted, London Southend and London Gatwick Airport
Situation
The property is situated in the heart of this popular market town on the east side of the busy pedestrianised South Street and close to the major 100+ unit Liberty Shopping Centre and The Brewery Shopping Centre. Neighbouring occupiers include Marks & Spencer, Primark, Greggs, Superdrug, Nationwide Building Society and Burger King.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit and retail and ancillary accommodation on the first 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.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act
Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale as agents and without personal
liability.
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 a ground floor retail unit and retail and ancillary accommodation on the first 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.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act
Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale as agents and without personal
liability.
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
Reversion
Ground First
Retail Retail/Ancillary
171.70 sq m 154.18 sq m
(1,848 sq ft) (1,659 sq ft)
EVANS RETAIL PROPERTIES LIMITED (1)
5 years from 25/12/2014 on a full repairing and insuring lease (2)
£42,000
24/12/2019
Totals
325.88 sq m
(3,507 sq ft)
£42,000
(1) Evans Retail Properties Limited is a subsidiary of Arcadia Group Brands Limited which also owns brands including Miss Selfridge, Wallis, Topshop and Topman and Dorothy Perkins. (Source: www.arcadiagroup.co.uk) (2)The lease provides for a mutual option to determine the lease on 24/12/2016.
