Freehold Retail Investment
Freehold Retail Investment
The property is situated in a predominantly residential area to the east of Monmouth town centre, adjacent to Kymin View Primary and Nursery School.
Freehold.
The property is situated in a predominantly residential area to the east of Monmouth town centre, adjacent to Kymin View Primary and Nursery School.
Freehold.
The property comprises a ground floor retail unit operating as a convenience store with residential accommodation on first and second floors which have been sold off.
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 operating as a convenience store with residential accommodation on first and second floors which have been sold off.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| No | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/(Reversion) | |
|---|---|---|---|---|---|---|---|---|
| 18-20 | Ground | Retail | 211.35 sq m | (2,275 sq ft) | MARTIN MCCOLL LIMITED (1) |
15 years from 25/05/2006 until 24/05/2021 on a full repairing and insuring lease |
£24,000 | 25/05/2016 |
| 18 | First/Second | Residential | Not Measured |
|
MARTIN MCCOLL LIMITED (1) |
999 years from 25/05/2006 |
£1 |
(24/05/3005) |
| 20 | First/Second | Residential | Not Measured |
MARTIN MCCOLL LIMITED (1) |
999 years from 25/05/2006 | £1 |
(24/05/3005) | |
| Totals | 211.35 sq m |
(2,275 sq ft) |
£24,002 | |||||
(1) McColl’s Retail Group is the leading neighbourhood retailer in the Independent managed sector running 1,280 convenience and newsagent stores across the UK, with 725 branded as McColl’s convenience stores. (Source: martinmccoll.co.uk 24/04/2014) For the year ending 25/11/2012, Martin McColl Ltd reported a turnover of £409,154,000, pre-tax profits of £19,671,000 and a total net worth of £115,863,000. (Source: www.riskdisk.com 24/04/2014)
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