Majority let to The British Heart Foundation until 2020 (subject to option)
Prominent location on Queensway, Bletchley's prime retail pitch
Nearby occupiers include Dorothy Perkins, New Look, Barclays Bank and Specsavers
Lot 46
Auction 27th May 2010
Rent £41,000 per Annum
Status Sold
Price £400,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Population
235,250 (Borough of Milton Keynes)
27 miles north-west of Hemel Hempstead
55 miles north-west of London
Roads
A5, M1, M40
Rail
Bletchley Mainline Railway Station
Air
Luton
Situation
The property is prominently located on the south side of Queensway, Bletchley's principal retail thoroughfare, and benefits from nearby occupiers including Dorothy Perkins, Barclays Bank, Clinton Cards, New Look and Lloyds TSB.
Tenure
Freehold.
Location
Population
235,250 (Borough of Milton Keynes)
27 miles north-west of Hemel Hempstead
55 miles north-west of London
Roads
A5, M1, M40
Rail
Bletchley Mainline Railway Station
Air
Luton
Situation
The property is prominently located on the south side of Queensway, Bletchley's principal retail thoroughfare, and benefits from nearby occupiers including Dorothy Perkins, Barclays Bank, Clinton Cards, New Look and Lloyds TSB.
Tenure
Freehold.
Description
The property comprises TWO GROUND FLOOR RETAIL UNITS with OFFICE ACCOMMODATION on the first floor accessed via a separate entrance to the side of The British Heart Foundation (No. 124-126). NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises TWO GROUND FLOOR RETAIL UNITS with OFFICE ACCOMMODATION on the first floor accessed via a separate entrance to the side of The British Heart Foundation (No. 124-126). NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
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
124
Ground
Retail
92.94 sq m
(1,000 sq ft)
BRITISH HEART FOUNDATION (1)
10 years from 05/2010 (2)
£19,000
05/2015
122
Ground
Retail
34.33 sq m
(370 sq ft)
MR FIAZ HUSSAIN (t/a PROFILES HAIRDRESSERS) (3)
10 years from 20/08/2001
£10,000
124-126
First
Office
115.08 sq m
(1,238.71 sq ft)
WEATHERSEAL HOLDINGS LTD (4)
5 years from 16/07/2009 (5)
£12,000
Totals
242.35 sq m
(2,608.71 sq ft)
£41,000
(1)The British Heart Foundation was founded in 1961 by a group of medical professionals. In the intervening years, the BHF has played a vital role in the major advances in the treatment and prevention of heart disease. The retail side of the British Heart Foundation business consists of over 580 shops throughout the UK offering a range of retail and support opportunities. (Source: www.bhf.org.uk) (2) Under the terms of the lease, the tenant has an option to determine on six months' notice at the end of the fifth year of the term.(3)? Please note, the tenant is not currently occupying the premises. (4) Weatherseal Holdings Ltd are one of the UK's leading home improvement companies. They manufacture and install replacement windows, double glazing, entrance doors, patio doors and exterior improvement products. (Source: www.weatherseal.co.uk) (5) Under the terms of the lease, the tenant has an option to determine on 16th July 2012, by giving no less than 6 months' written notice.
Contacts
Seller's Solicitors
DLA Piper UK LLP Princes Exchange
Princes Square Leeds LS1 4BY 0113 369 2399
