Nearby occupiers include W H Smith, Boots, Santander, Costa Coffee and Hamptons International
Important Rent Review June 2011
Lot 6
Auction 26th May 2011
Rent £110,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Supermarket
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
20 miles west of Central London, 10 miles north-east of Maidenhead, 10 miles south-east of Watford
Roads
M40, M25, A40, A413,
Rail
Gerrards Cross Rail Station
Air
London Heathrow
Situation
Gerrards Cross is a highly affluent and attractive London commuter town. The property is situated on the east side of Packhorse Road (B416) close to Gerrards Cross Railway Station. Packhorse Road is the town's main retail thoroughfare with occupiers such as W H Smith, Boots, Santander, Costa Coffee and Hamptons International.
Tenure
Freehold.
Location
Miles
20 miles west of Central London, 10 miles north-east of Maidenhead, 10 miles south-east of Watford
Roads
M40, M25, A40, A413,
Rail
Gerrards Cross Rail Station
Air
London Heathrow
Situation
Gerrards Cross is a highly affluent and attractive London commuter town. The property is situated on the east side of Packhorse Road (B416) close to Gerrards Cross Railway Station. Packhorse Road is the town's main retail thoroughfare with occupiers such as W H Smith, Boots, Santander, Costa Coffee and Hamptons International.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation and self-contained offices at first floor level. The offices are accessed via a separate entrance at the front of the building. The property benefits from a large forecourt.
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 ground floor retail accommodation and self-contained offices at first floor level. The offices are accessed via a separate entrance at the front of the building. The property benefits from a large forecourt.
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
Reviews
Ground First
Retail and Ancillary Offices
543.46 sq m 98.00 sq m
(5,850 sq ft) (1,055 sq ft)
MARKS & SPENCER PLC (1)
15 years from 21/06/2006 until 2021 on a full repairing and insuring lease
£110,000
June 2011 and 2016
Totals
641.46 sq m
(6,905 sq ft)
£110,000
(1) For the year ending 3rd April 2010, Marks & Spencer plc reported a turnover of £9,536,600,000, a pre-tax profit of £702,700,000 and a net worth of £4,346,400,000. (Source: riskdisk.co.uk 27/04/2011) (2) The tenant has sub-let the first floor office at a current sub-rent of £13,500 per annum exclusive. The sublease is outside the security tenure provisions of the Landlord and Tenant Act 1954.
