Ware is an attractive Hertfordshire town situated 20 miles north of Central London. The property is prominently situated on the west side of Amwell End, a busy route between the High Street to the north and Ware Railway Station to the south. Nearby occupiers include Costa Coffee, Martin’s Convenience Store, Barclays and Lloyds Banks and a number of independent retailers.
Tenure
Freehold.
Location
Miles
8 miles east of Welwyn Garden City, 10 miles south-west of Bishops Stortford, 20 miles north of Central London
Ware is an attractive Hertfordshire town situated 20 miles north of Central London. The property is prominently situated on the west side of Amwell End, a busy route between the High Street to the north and Ware Railway Station to the south. Nearby occupiers include Costa Coffee, Martin’s Convenience Store, Barclays and Lloyds Banks and a number of independent retailers.
Tenure
Freehold.
Description
The property comprises a substantial unbroken parade of eight retail units (arranged as seven shops) with seven self-contained residential flats on the first and second floors as well as a snooker hall located at Riverside House. The property benefits from a site area of 0.21 hectares (0.52 acres) and car parking to the rear.
Six week completion
Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound toaccept 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 substantial unbroken parade of eight retail units (arranged as seven shops) with seven self-contained residential flats on the first and second floors as well as a snooker hall located at Riverside House. The property benefits from a site area of 0.21 hectares (0.52 acres) and car parking to the rear.
Six week completion
Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound toaccept 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
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review/ (Reversion)
4
Ground
Retail/Ancillary
60.39 sq m
(650 sq ft)
THE BREAD BIN (BAKERS) LIMITED
15 years from 24/06/2008
£12,500
24/06/2018 (23/06/2023
6
Ground
Retail/Ancillary
81.38 sq m
(876 sq ft)
BEACHES AND CREAM TANNING & BEAUTY LIMITED
5 years from 31/05/2012
£13,000 (1)
(30/05/2017)
8 & 16a
Ground First/ Second
Retail/Ancillary Flat
81.47 sq m Not Measured
(877 sq ft)
INDIVIDUALS (t/a Occasions Florist)
Approx 26 years from 24/06/1991
£19,500
28/07/2017 (29/07/2019)
10
Ground
Retail/Ancillary
77.11 sq m
(830 sq ft)
INDIVIDUALS (t/a The Coffee Bar)
12 years from 06/04/1998
£11,900
(05/04/2010)
10a
First/ Second
Flat
60.57 sq m
(652 sq ft)
INDIVIDUALS
AST - 12 months from 07/09/2013
£6,900
Holding over
10b
First/ Second
Flat
60.57 sq m
(652 sq ft)
INDIVIDUAL
AST - 12 months from 09/09/2015
£7,500
(08/09/2016)
12
Ground
Retail/Ancillary
77.11 sq m
(830 sq ft)
LITTLE ANGELS NURSERIES LIMITED ON ASSIGNMENT (t/a Carnival)
10 years from 30/08/2006
£13,800
28/08/2016 29/08/2016)
12a
First/ Second
Flat
60.57 sq m
(652 sq ft)
INDIVIDUAL
AST - 12 months from 18/11/2013
£6,900
Holding over
12b
First/ Second
Flat
60.57 sq m
(652 sq ft)
INDIVIDUAL
AST - 12 months from 30/01/2016
£7,980
(29/01/2017)
14-16, 14a
Ground First/ Second
Retail/Ancillary Flat
154.31 sq m Not Measured
(1,661 sq ft)
A.F. BLAKEMORE AND SON LIMITED (2) (t/a Spar)
15 years from 04/03/1998
£29,500
Holding over
18 & 18a
Ground First/ Second
Retail Flat
73.21 sq m Not Measured
(788 sq ft)
INDIVIDUAL (t/a Andrews Fish Bar)
31 years from 24/06/1991
£18,000
24/06/2017 (23/06/2022)
Riverside House
First & Second
Leisure
541.42 sq m
(5,828 sq ft)
POCKETS SNOOKER & SOCIAL CLUB LIMITED
20 years from 18/10/1993 (3)
£22,000
(17/10/2013)
Totals
1,388.68 sq m
(14,948 sq ft)
£169,480
NB. The residential rents stated above have been annualised. (1) The seller is holding a £3,250 rent deposit. (2) For the year ending 26th April 2015, A.F. Blakemore and Son Limited reported a turnover of £1,275,954,000, pre-tax profits of £9,011,000 and a total net worth of £62,838,000. (Source: Experian Group 29/02/2016) (3) A new lease to Pockets Snooker & Social Club Limited has been agreed for a term of 5 years from 25th December 2015 at a rent of £11,000 p.a.x for the first floor only. The lease is in solicitors hands and due to complete shortly.
