7/9 Great Square Braintree Essex CM7 1TX

7/9 Great Square
Braintree
Essex
CM7 1TX

Virtual Freehold Retail Investment

Let to Duvetco Limited (t/a Ponden Home) guaranteed by The Edinburgh Woollen Mill
Prominent town centre location on busy retailing thoroughfare
Nearby occupiers include Halifax, Boots Opticians, Coral Betting, Sainsbury’s and HSBC
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
49
Auction
21st May 2015
Rent
£43,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Virtual Freehold Retail Investment

Let to Duvetco Limited (t/a Ponden Home) guaranteed by The Edinburgh Woollen Mill
Prominent town centre location on busy retailing thoroughfare
Nearby occupiers include Halifax, Boots Opticians, Coral Betting, Sainsbury’s and HSBC
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 49
Auction 21st May 2015
Rent £43,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 10 miles north of Chelmsford, 15 miles west of Colchester, 20 miles east of Harlow
Roads: A120, A12, M11 (Junction 8)
Rail: Braintree Rail Station (London Liverpool Street in 1 hour)
Air: London Stansted, London City Airport

Situation

The property is situated in a prominent location within Braintree town centre on the northern side of Great Square, close to its junction with High Street and Bank Street and entrances to both George Yard and Phoenix Shopping Centres. Other nearby occupiers include Halifax, Boots Opticians, Coral Betting, Sainsbury’s, HSBC and H Samuel.

Tenure

Virtual Freehold. Held for a term of 999 years from 10th May 2002 at a peppercorn rent.

Location

Miles: 10 miles north of Chelmsford, 15 miles west of Colchester, 20 miles east of Harlow
Roads: A120, A12, M11 (Junction 8)
Rail: Braintree Rail Station (London Liverpool Street in 1 hour)
Air: London Stansted, London City Airport

Situation

Tenure

Virtual Freehold. Held for a term of 999 years from 10th May 2002 at a peppercorn rent.

Description

The property comprises a ground floor retail unit with first floor ancillary accommodation.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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	178.00 sq m 119.28 sq m	(1,916 sq ft) (1,284 sq ft)	DUVETCO LIMITED (1) (t/a Ponden Home Interiors) GUARANTEED BY THE EDINBURGH WOOLLEN MILL LIMITED (2)	10 years from 29/09/2010 until 28/09/2020 on a full repairing and insuring lease (3)	£43,000	29/09/2015
Totals		297.28 sq m	(3,200 sq ft)			£43,000

(1) For the year ending 01/03/2014, Duvetco Limited reported a turnover of £27,187,000, pre-tax profits of £1,966,000 and a total net worth of £7,749,000. (Source: www.riskdisk.com 22/04/2015)
(2)For the year ending 01/03/2014, The Edinburgh Woollen Mill Limited reported a turnover of £168,462,000 pre-tax profits of £26,219,000 and a total net worth of £105,227,000. (Source: www.riskdisk.com 22/04/2015)
(3)The lease provided an option to determine on 28th September 2015 subject to a minimum of six months notice. Please note that no notice has been given and the break option has not been exercised and has now lapsed.