Let to Individuals (t/a JSLK Hair Salon) until 2022
Approximately 50 metres from the major Liberty Shopping Centre and the Brewery Shopping Centre
Prime pedestrianised town centre location
Neighbouring occupiers include Costa, Santander, Superdrug, Burger King, Tesco and Marks & Spencer
Lot 16
Auction 9th July 2014
Rent £65,000 per Annum Exclusive
Status Sold
Price £540,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Recievers
Property Information
Location
Miles
13 miles north-east of the City of London, 7 miles south-west of Brentwood
Roads
A1251, A125, A126, A118, A12
Rail
Romford Railway Station (17 minutes direct to London Liverpool Street)
Air
London City, London Stansted, London Southend, London Gatwick
Situation
The property is situated in the heart of this popular market town on the east side of the busy pedestrianised South Street some 50 metres from the major 100+ unit Liberty Shopping Centre and close to the Brewery Shopping Centre. The property benefits from being positioned on the pedestrianised throughflow between the two centres. Neighbouring occupiers include Costa, Santander, Superdrug, Burger King, Tesco and Marks & Spencer.
Tenure
Freehold.
Location
Miles
13 miles north-east of the City of London, 7 miles south-west of Brentwood
Roads
A1251, A125, A126, A118, A12
Rail
Romford Railway Station (17 minutes direct to London Liverpool Street)
Air
London City, London Stansted, London Southend, London Gatwick
Situation
The property is situated in the heart of this popular market town on the east side of the busy pedestrianised South Street some 50 metres from the major 100+ unit Liberty Shopping Centre and close to the Brewery Shopping Centre. The property benefits from being positioned on the pedestrianised throughflow between the two centres. Neighbouring occupiers include Costa, Santander, Superdrug, Burger King, Tesco and Marks & Spencer.
Tenure
Freehold.
Description
The property comprises a ground floor hair dressing salon with personal treatment rooms on the first floor.
Note
This property is being marketed for sale on behalf of Kevin Mersh and Matthew Nagle acting as Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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 hair dressing salon with personal treatment rooms on the first floor.
Note
This property is being marketed for sale on behalf of Kevin Mersh and Matthew Nagle acting as Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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
Review
Ground First
Retail Ancillary
80.03 sq m 80.39 sq m
(861 sq ft) (865 sq ft)
JOANNE FOLEY AND KIRSTIE SHEPHERD (t/a JSLK HAIR SALON)
15 years from 18/04/2007 until 2022 on a full repairing and insuring lease
£65,000 (1)
18/04/2017
Totals
160.42 sq m
(1,726 sq ft)
£65,000
(1)The tenant is currently paying a concessionary rent of £57,000 p.a.x. This concession has been agreed but not formally documented by the receivers.
