122-126 (Even) Queensway Bletchley Milton Keynes Buckinghamshire MK2 2RU

122-126 (Even) Queensway
Bletchley
Milton Keynes
Buckinghamshire
MK2 2RU

Freehold Retail and Office Investment

On behalf of Joint LPA Receivers
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
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail and Office Investment

On behalf of Joint LPA Receivers
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

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

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.