Modern Retail Investment
Modern Retail Investment
The property is situated on the Western side of Church Road, which connects Colliers Wood in the north with Mitcham in the south.
Long Leasehold. Long Leasehold. Held on a term of 125 years until 2119 at a current rent reserved of £50 p.a.x.
The property is situated on the Western side of Church Road, which connects Colliers Wood in the north with Mitcham in the south.
Long Leasehold. Long Leasehold. Held on a term of 125 years until 2119 at a current rent reserved of £50 p.a.x.
The property comprises a ground floor retail unit.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 78.68 sq m |
(846 sq ft) |
CORAL RACING LIMITED (1) | 16 years from 28/02/2011 until 27/02/2027 on a full repairing and insuring lease | £10,750 | 25/03/2016 and 25/03/2021 (2) |
| Totals | 78.68 sq m |
(846 sq ft) |
£10,750 | ||||
(1) Coral racing limited is part of the Gala Coral Group and together with their online presence, trade from over 1,700 outlets across the UK with a market share of approximately 20% (www.coral.co.uk) For the year ending 29/09/2012, Coral Racing Limited reported a turnover of £603,447,000, pre-tax profits of £101,348,000 and a total net worth of £61,039,000. (Source: www.riskdisk.com 17/09/2013)
(2) The lease provides for the rent to be reviewed to the greater of open market rental value or an increase by 2.5% p.a compounded.
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