2/3 Silver Street Trowbridge Wiltshire BA14 8AA

  • 2/3 Silver Street<br>Trowbridge<br>Wiltshire<br>BA14 8AA

2/3 Silver Street
Trowbridge
Wiltshire
BA14 8AA

Freehold Retail Investment

  • Let to Mackays Stores Limited (t/a M&Co) on a new 10 year lease (1)
  • Prominent town centre location
  • VAT-free Investment
  • Close to Castle Place Shopping Centre and car park
  • M&Co in occupation since 1988
  • Lot
    53
  • Auction
    11th July 2018
  • Rent
    £45,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £480,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of M&Co.
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Freehold Retail Investment

  • Let to Mackays Stores Limited (t/a M&Co) on a new 10 year lease (1)
  • Prominent town centre location
  • VAT-free Investment
  • Close to Castle Place Shopping Centre and car park
  • M&Co in occupation since 1988
  • Lot 53
  • Auction 11th July 2018
  • Rent £45,000 per Annum Exclusive
  • Status Sold
  • Price £480,000
  • 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
8 miles south east of Bath
11 miles south of Chippenham
24 miles east of Bristol
28 miles north of Salisbury
Roads
A360, A350
Rail
Trowbridge Railway Station
Air
Bristol Airport
Situation

Trowbridge, the county town of Wiltshire, is located 8 miles south-east of Bath, 24 miles east of Bristol and 28 miles north of Salisbury. The M4 is 15 miles to the north via the A350. The property is located in the town centre on Silver Street, close to its junction with Market Place and Fore Street. Castle Place Shopping Centre is located 100 metres to the west. Occupiers close by include Santander, Coral, McColl’s, Coventry Building Society, WHSmith and Boots.

Tenure

Freehold.

Location
Miles
8 miles south east of Bath
11 miles south of Chippenham
24 miles east of Bristol
28 miles north of Salisbury
Roads
A360, A350
Rail
Trowbridge Railway Station
Air
Bristol Airport
Situation

Trowbridge, the county town of Wiltshire, is located 8 miles south-east of Bath, 24 miles east of Bristol and 28 miles north of Salisbury. The M4 is 15 miles to the north via the A350. The property is located in the town centre on Silver Street, close to its junction with Market Place and Fore Street. Castle Place Shopping Centre is located 100 metres to the west. Occupiers close by include Santander, Coral, McColl’s, Coventry Building Society, WHSmith and Boots.

Tenure

Freehold.

Description

The property comprises a ground floor shop with first floor staff and storage accommodation. The second floor is void and not currently used.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor shop with first floor staff and storage accommodation. The second floor is void and not currently used.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

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
Second
Sales
Ancillary
Void
390 sq m
275 sq m
62 sq m
(4,202 sq ft)
(2,964 sq ft)
(674 sq ft)
MACKAYS
STORES
LIMITED
t/a M&Co (2)
10 years from completion on a
full repairing and insuring
lease subject to a schedule of
condition (1)
£45,000 2023
Total
728 sq m
(7,840 sq ft)
    £45,000  

(1) Tenant’s option to determine in the fifth year.
(2) For the 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.

Contacts

Associate Auctioneers
Fawcett Mead 37/38 Margaret Street
London
W1G 0JF
Joe Baio 020 7182 7480 07807 182 7489joe@fawcettmead.co.uk
Seller's Solicitors
Keystone Law 48 Chancery Lane
London
WC2A 1JF
Stephen Kingsley 0203 319 3700stephen.kingsley@keystonelaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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