Let to Somerfield Property Company Ltd (t/a Co-Op) until 2020
Important 2010 rent review
Approximately 515.50 sq m (5,554 sq ft)
Prominent Position opposite Cippenham Junior School
Nearby occupiers include RSPCA, Nationwide Building
Society and National Tyres & Autocare
Lot 24
Auction 21st October 2010
Rent £36,000 per Annum Exclusive
Status Sold Prior
Price
Sector Supermarket
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Miles
21 miles west of London, 18 miles east of Reading, 32 miles south-east of Oxford
Roads
A4, M4, M25, M40
Rail
Slough (direct access to London Paddington Railway Station)
Air
Heathrow Airport
Situation
The property is situated in Cippenham Village opposite Cippenham Junior School in a predominantly residential area. Cippenham is situated approximately 2 miles to the west of Slough’s town centre and 0.25 miles south of the A4 dual carriageway. Nearby occupiers include RSPCA, Nationwide Building Society and National Tyres & Autocare.
Tenure
Freehold.
Location
Miles
21 miles west of London, 18 miles east of Reading, 32 miles south-east of Oxford
Roads
A4, M4, M25, M40
Rail
Slough (direct access to London Paddington Railway Station)
Air
Heathrow Airport
Situation
The property is situated in Cippenham Village opposite Cippenham Junior School in a predominantly residential area. Cippenham is situated approximately 2 miles to the west of Slough’s town centre and 0.25 miles south of the A4 dual carriageway. Nearby occupiers include RSPCA, Nationwide Building Society and National Tyres & Autocare.
Tenure
Freehold.
Description
The property comprises a GROUND FLOOR RETAIL UNIT with STORAGE and ANCILLARY ACCOMMODATION to the rear and on the first floor. The tenant also occupies the adjoining interconnecting unit.
VAT
VAT is not 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 STORAGE and ANCILLARY ACCOMMODATION to the rear and on the first floor. The tenant also occupies the adjoining interconnecting unit.
VAT
VAT is not 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
First
Retail Storage/Ancillary Ancillary
268 sq m 169.92 sq m 77.58 sq m
(2,890 sq ft) (1,829 sq ft) (835 sq ft)
SOMERFIELD PROPERTY COMPANY LTD (formerly GATEWAY PROPERTIES LTD) (1)
30 years from 25/12/1990 until 31/10/2020
£36,000
25/12/2010 and 25/12/2015
Totals
515.50 sq m (2)
(5,554 sq ft) (2)
£36,000
(1) For the year ending 2nd May 2009, Somerfield Property Company Limited reported a turnover of £43,739,000, pre-tax profits of £84,272,000 and a net worth of £462,110,000. Somerfield Stores Limited is a subsidiary of Co-Operative Group Limited. (Source: www.riskdisk.com 20/09/2010)(2) Please note that the tenant has constructed some buildings on the freehold title outside of the occupational lease demise. These areas have not been included within the accommodation schedule. For full details please refer to the legal pack and the licence for alterations dated 25th June 2007.
