Let to Tui UK Retail Limited. t/a First Choice Travel
Prime pedestrianised town centre location
Adjacent to the 50+Unit Grays Shopping Centre
Neighbouring occupiers include Boots the Chemist, New Look, Greggs, Halifax, Lloyds TSB and HSBC
Six Week Completion Available
Lot 27
Auction 26th May 2011
Rent £24,000 per Annum Exclusive
Status Sold
Price £280,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
24 miles east of the City of London
Roads
M25, A13
Rail
Grays Railway
Air
London Stansted Airport, London City Airport, Southend Airport
Situation
The property is situated in a prime trading position on the eastern side of the pedestrianised High Street, immediately adjacent to the major 50-unit Grays Shopping Centre. Grays Railway Station is located 50 metres to the south. Nearby occupiers include Boots the Chemist, New Look, Greggs, Halifax, Lloyds TSB and HSBC.
Tenure
Freehold.
Location
Miles
24 miles east of the City of London
Roads
M25, A13
Rail
Grays Railway
Air
London Stansted Airport, London City Airport, Southend Airport
Situation
The property is situated in a prime trading position on the eastern side of the pedestrianised High Street, immediately adjacent to the major 50-unit Grays Shopping Centre. Grays Railway Station is located 50 metres to the south. Nearby occupiers include Boots the Chemist, New Look, Greggs, Halifax, Lloyds TSB and HSBC.
Tenure
Freehold.
Description
The property comprises retail and ancillary accommodation on the ground floor and 5 room self-contained maisonette on the first floor and second floor. The maisonette is accessed from the rear of the property.
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 retail and ancillary accommodation on the ground floor and 5 room self-contained maisonette on the first floor and second floor. The maisonette is accessed from the rear of the property.
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
Gross Frontage Net Frontage Shop Depth Retail Ancillary
6.02 m
5.51 m 15.19 m 81.75 sq m 55.65 sq m
(19' 9")
(18' 1") (49' 10") (880 sq ft) (599 sq ft)
TUI UK RETAIL LIMITED (t/a First Choice Travel)
20 years from 14/08/1995
£24,000
(13/08/2015)
First & Second
Residential
5 Room Maisonette
Totals
137.40 sq m
(1,479 sq ft)
£24,000
(1) First Choice is a brand owned by TUI Travel plc, the world's leading leisure travel company operating in over 180 countries with more than 30 million customers in 27 key source markets. TUI Travel has over 200 brands which are comprised of market-leading mainstream brands and specialist travel businesses. TUI Travel is headquartered in the UK and employs approximately 49,000 people. (http://www.tuitravelplc.com/tui/pages/aboutus/corporateprofile) (2) The floor areas stated above have been agreed between the parties at a previous rent review.
