Freehold Retail Investment
Freehold Retail Investment
The property is prominently situated on the north side of the pedestrianised High Street in a prime retailing position. Immediately to the north of the property there is a public car park and Waitrose Supermarket. There is a passageway between High Street and the car park to the side of the property. Neighbouring occupiers include Boots, Clinton Cards, Specsavers, New Look and Waitrose.
Freehold.
The property is prominently situated on the north side of the pedestrianised High Street in a prime retailing position. Immediately to the north of the property there is a public car park and Waitrose Supermarket. There is a passageway between High Street and the car park to the side of the property. Neighbouring occupiers include Boots, Clinton Cards, Specsavers, New Look and Waitrose.
Freehold.
The property comprises RETAIL AND ANCILLARY ACCOMMODATION on the ground floor and STORAGE ACCOMMODATION on part of the first floor. On the other part of the first floor there is a SELF-CONTAINED FOUR ROOM RESIDENTIAL FLAT. The flat benefits from a separate access from the rear whilst the retail unit benefits from a return frontage.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises RETAIL AND ANCILLARY ACCOMMODATION on the ground floor and STORAGE ACCOMMODATION on part of the first floor. On the other part of the first floor there is a SELF-CONTAINED FOUR ROOM RESIDENTIAL FLAT. The flat benefits from a separate access from the rear whilst the retail unit benefits from a return frontage.
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 | Reviews | |
|---|---|---|---|---|---|---|---|
|
|
Gross Frontage |
12.10 m |
(39' 9") |
W H SMITH PLC AND W H SMITH RETAIL HOLDINGS LIMITED (1)(2) | 20 years from 29/09/2004 until 2024 on a full repairing and insuring lease (2) | £101,500 | 2014 and 2019 |
| Totals | 346.85 sq m |
(3,745 sq ft) |
£101,500 | ||||
(1) For the year ending 31st August 2009, W H Smith plc reported a turnover of £1,340,000,000, a pre-tax profit of £64,000,000 and a net worth of £132,000,000. (Source: www.riskdisk.com 11/11/2010) For the year ending 31st August 2009, W H Smith Retail Holdings Limited, reported a turnover of £188,787,000, a pre-tax profit of £45,578,000 and a net worth of £563,822,000. (Source: www.riskdisk.com 11/11/2010)(2) The property is effectively let until 2024 by way of a lease in favour of W H Smith plc for a term of 10 years until 28th September 2014 and a reversionary lease dated 28th April 2010 in favour of W H Smith Retail Holdings Limited for a term of 10 years from 29th September 2014 until 28th September 2024.(3) The floor areas stated above were agreed between the parties at the 1999 rent review.
By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.
If you have a query, please fill in the box below, otherwise click the Submit button.
We will keep you updated about lot xthis property.
In the meantime, if you would like to speak to the Surveyor about this property, please call on .
Are you sure you want to remove this property from your Watch List?
Are you sure you are no longer interested in this property?
Are you sure you want to delete your Account?
