Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
12 miles east of Worthing, 21 miles west of Eastbourne, 54 miles south of Central London
Roads
A23, A270, A27, M23 (Junction 11)
Rail
Brighton Railway Station (55 mins to London Victoria)
Air
London Gatwick Airport
Situation
The property is situated in a prominent position on the southern side of Western Road close to Churchill Square Shopping Centre, which houses retailers including McDonald’s, Debenhams, Apple Store, Zara and Next. Other occupiers in the immediate area include Primark, Topshop, H&M, Greggs and TSB Bank.
Tenure
Freehold.
Location
12 miles east of Worthing, 21 miles west of Eastbourne, 54 miles south of Central London
Roads
A23, A270, A27, M23 (Junction 11)
Rail
Brighton Railway Station (55 mins to London Victoria)
Air
London Gatwick Airport
Situation
The property is situated in a prominent position on the southern side of Western Road close to Churchill Square Shopping Centre, which houses retailers including McDonald’s, Debenhams, Apple Store, Zara and Next. Other occupiers in the immediate area include Primark, Topshop, H&M, Greggs and TSB Bank.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with part lower ground floor ancillary accommodation. The remaining lower ground, first and second floors will be let on a long lease on completion.
Six Week Completion
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 a ground floor retail unit with part lower ground floor ancillary accommodation. The remaining lower ground, first and second floors will be let on a long lease on completion.
Six Week Completion
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
Reviews
Ground Lower Ground (Part)
Retail Ancillary
128.50 sq m 93.55 sq m
(1,383 sq ft) (1,007 sq ft)
WH SMITH HIGH STREET LIMITED (1) (t/a Cardmarket)
10 years from 03/10/2014 until 02/10/2024 on a full repairing and insuring lease (2)
£65,000
03/10/2019
Lower Ground (Part)/First/ Second
Not Measured
TPS BRIGHTON DEVELOPMENTS NO.2 LTD
999 years from completion
Peppercorn
Totals (Commercial)
223 sq m
(2390 sq ft)
£65,000
(1) For the year ending 31st August 2014, WH Smith High Street Limited reported a turnover of £658,855,000, pre-tax profits of £46,865,000 and a total net worth of £132,831,000. (Source: www.riskdisk.com 18/06/2015) (2)The lease provides an option to determine on the fifth anniversary of the term.