Freehold Retail Investment
Freehold Retail Investment
Chepstow is a historic town in Monmouthsire, some 25 miles north of Bristol. The property is situated in the town centre on the eastern side of Station Road, close to its junction with the High Street and St Mary Street. Nearby occupiers include Barclays Bank, HSBC, Costa Coffee, Greggs and Superdrug. The property benefits from pedestrian access to the rear.
Freehold.
Chepstow is a historic town in Monmouthsire, some 25 miles north of Bristol. The property is situated in the town centre on the eastern side of Station Road, close to its junction with the High Street and St Mary Street. Nearby occupiers include Barclays Bank, HSBC, Costa Coffee, Greggs and Superdrug. The property benefits from pedestrian access to the rear.
Freehold.
The property comprises two ground floor retail units with one of the units benefitting from retail/office accommodation over the entire first floor of the property.
Six Week Completion
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises two ground floor retail units with one of the units benefitting from retail/office accommodation over the entire first floor of the property.
Six Week Completion
VAT is 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 | Review/ (Reversion) | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 96.06 sq m |
(1,003 sq ft) |
WILLIAM HILL (WESTERN) LIMITED (1) |
20 years from 05/11/1997 | £15,000 | (04/11/2017) |
| Ground First |
Retail Retail/Office |
76.20 sq m 158.19 sq m |
(820 sq ft) (1,703 sq ft) |
XL TELECOM LTD (2) (t/a Glow) |
8 years from 17/04/2014 until 16/04/2022 (3) | £20,000 | 17/02/2016 and 17/02/2019 |
| Totals | 330.45 sq m |
(3,526 sq ft) |
£35,000 | ||||
(1) William Hill is the UK’s leading bookmaker and one of the most recognised and trusted brands in the gambling industry, providing
gaming and betting services across multiple channels; online, on the high street, on the phone and on the move. They have been listed
on the London Stock Exchange (WHM.L) since 2002 and employ over 15,000 with 2,370 licensed betting shops across the UK.
(Source: www.williamhillplc.com 16/09/2014)
(2)XL Telecom Ltd is a market leader in high quality, cost saving telecoms solutions, providing services and solutions to corporate
customers, public sector, SME’s and growing businesses. (Source: http://www.xltelecom.co.uk 15/09/2014)
(3)The lease to XL Telecom Ltd provides an option to determine at the second and fifth anniversary of the term.
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