Let to Mackays Stores Limited (t/a M&Co) on a new 10 year lease (1)
Prominent town centre location
VAT-free Investment
Adjacent to Boots and diagonally opposite Superdrug, NatWest and Betfred
M&Co in occupation since 2007
Lot 5
Auction 11th July 2018
Rent £31,500 per Annum Exclusive
Status Sold
Price £377,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of M&Co.
Property Information
Location
Miles
5 miles west of Swindon
33 miles south-east of Oxford
31 miles east of Bristol
76 miles west of London
Roads
M4, A419, A429, A3102
Rail
Swindon Railway Station
Air
London Heathrow and Bristol Airports
Situation
Royal Wootton Bassett is an attractive market town in the county of Wiltshire, located 5 miles west of Swindon. The town is situated close to Junction 16 of the M4 motorway.
The property is situated in the town centre on High Street, close to its junction with Station Road. The Borough Fields Shopping Centre with a Sainsbury’s supermarket and car park is located diagonally opposite. Occupiers close by include Boots (adjacent), Coral, Thorntons, Subway, Barclays, Betfred, Superdrug, NatWest, Iceland and WHSmith, amongst a number of local traders.
Tenure
Freehold.
Location
Miles
5 miles west of Swindon
33 miles south-east of Oxford
31 miles east of Bristol
76 miles west of London
Roads
M4, A419, A429, A3102
Rail
Swindon Railway Station
Air
London Heathrow and Bristol Airports
Situation
Royal Wootton Bassett is an attractive market town in the county of Wiltshire, located 5 miles west of Swindon. The town is situated close to Junction 16 of the M4 motorway.
The property is situated in the town centre on High Street, close to its junction with Station Road. The Borough Fields Shopping Centre with a Sainsbury’s supermarket and car park is located diagonally opposite. Occupiers close by include Boots (adjacent), Coral, Thorntons, Subway, Barclays, Betfred, Superdrug, NatWest, Iceland and WHSmith, amongst a number of local traders.
Tenure
Freehold.
Description
The property comprises a ground floor shop together with staff and storage accommodation at first floor. There is an attic floor currently used for storage. The property benefits from a rear yard accessed via Tanners Close.
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 ground floor shop together with staff and storage accommodation at first floor. There is an attic floor currently used for storage. The property benefits from a rear yard accessed via Tanners Close.
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
Review
Ground First Attic
Retail Ancillary Ancillary
247 sq m 53 sq m 25 sq m
(2,658 sq ft) (571 sq ft) (269 sq ft)
MACKAYS STORES LIMITED t/a M&Co (2)
10 years from completion on a full repairing and insuring lease (1)
£31,500
2023
Total
325 sq m
(3,498 sq ft)
£31,500
(1) Tenant’s option to determine in the fifth year. (2) For year ended 24th February 2017, Mackays Stores Limited reported a turnover of £165,611,000, pre-tax profits of £1,100,000 and a total net worth of £36,441,000 (Source: Experian Group 12/06/2018). Mackays Stores Limited is one of the largest privately-owned fashion retailers in the UK. Since inception in the 1960s, M&Co now trades from over 300 stores nationwide with a further 22 stores overseas.
