Let to WH Smith Retail Holdings Ltd on a 10 year reversionary lease until 2024 (no breaks)
Prime retailing position in highly affluent and prosperous market town
Rent Review September 2014
Grade II Listed
Tenant in occupation since at least 1989
Neighbouring occupiers Waitrose, Caffè Nero, Vodafone, Pizza Express and Boots
Lot 19
Auction 22nd May 2014
Rent £115,500 per Annum Exclusive
Status Sold
Price £2,250,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
11 miles south of Swindon
18 miles west of Newbury
31 miles east of Bath
Roads
A4, A346, M4 (Junction 15)
Rail
Pewsy Rail Station, Bedwyn Rail Station
Air
Bournemouth International Airport
Situation
The property is located in the highly affluent and prosperous market town of Marlborough, situated in a prime position on the north side of the High Street.
Neighbouring occupiers include Waitrose, Caffe Nero, Vodafone, Pizza Express and Boots.
Tenure
Freehold.
Location
Miles
11 miles south of Swindon
18 miles west of Newbury
31 miles east of Bath
Roads
A4, A346, M4 (Junction 15)
Rail
Pewsy Rail Station, Bedwyn Rail Station
Air
Bournemouth International Airport
Situation
The property is located in the highly affluent and prosperous market town of Marlborough, situated in a prime position on the north side of the High Street.
Neighbouring occupiers include Waitrose, Caffe Nero, Vodafone, Pizza Express and Boots.
Tenure
Freehold.
Description
The property, a Grade II Listed building comprises retail accommodation on the ground floor with ancillary accommodation on the first floor. The tenant has sublet part of the ground floor to a company t/a Prospect Charity Shop.
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, a Grade II Listed building comprises retail accommodation on the ground floor with ancillary accommodation on the first floor. The tenant has sublet part of the ground floor to a company t/a Prospect Charity Shop.
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
Review
Ground First
Retail Ancillary
303.04 sq m 178.84 sq m
(3,262 sq ft) (1,925 sq ft)
WH SMITH RETAIL HOLDINGS LIMITED (1)
35 years from 29/09/1989 until 2024 on a full repairing and insuring lease (2)
£115,500
29/09/2014 & 2019
Totals
481.88 sq m
(5,187 sq ft)
£115,500
(1) The tenant has been in occupation of the property since 1989. WH Smith Retail Holdings Limited are a subsidiary of WH Smith Plc. WH Smith was created in 1828 and currently operate from 1,200 outlets nationwide (www.whsmith.co.uk) (2)The tenant occupies the property under a lease for a term of 25 years from 29th September 1989 at a current rent reserved of £115,500 p.a.x. The parties have signed a reversionary lease for a term of 10 years from 29th September 2014 at a rent reserved of £115,500 p.a.x.
