12 Parkhouse Court, Comet Square Hatfield Hertfordshire AL10 9RQ

12 Parkhouse Court, Comet Square
Hatfield
Hertfordshire
AL10 9RQ

Virtual Freehold Retail Investment

Let to Subway Realty Limited until 2022
Situated in a large prestigious, recently completed, mixed use development scheme
Other retailers close by include Aldi Supermarket, Ladbrokes, Coffee Republic, KFC and a 120-bed Travelodge Hotel
Six Week Completion Available

Lot
38
Auction
18th October 2011
Rent
£26,000 per Annum Exclusive
Status
Sold
Price
£350,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Virtual Freehold Retail Investment

Let to Subway Realty Limited until 2022
Situated in a large prestigious, recently completed, mixed use development scheme
Other retailers close by include Aldi Supermarket, Ladbrokes, Coffee Republic, KFC and a 120-bed Travelodge Hotel
Six Week Completion Available

Lot 38
Auction 18th October 2011
Rent £26,000 per Annum Exclusive
Status Sold
Price £350,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 21 miles north of London, 14 miles north of Watford, 6 miles east of St Albans
Roads: A1(M), M25, A414, A1001
Rail: Hatfield Rail Station
Air: London Luton Airport, London Heathrow Airport, , London Stansted Airport

Situation

Hatfield is a popular London commuter town and lies 6 miles north of the M25. Parkhouse Court is well situated to the west of the historic market town of Hatfield, directly off Comet Way (A1001) and A1(M). The Galleria Retail Outlet is located opposite with occupiers such as Marks & Spencer, Odeon Cinema and TK-Maxx. Hatfield Business Park and Europe's largest health and fitness centre, occupied by Next Generation, are also located close by. Other retailers on the scheme include Aldi Supermarket, Ladbrokes, Coffee Republic, KFC and a 120-bed Travelodge Hotel.

Tenure

Virtual Freehold. Held from Frontier Key (Hatfield) Limited for 999 years from completion of the sale at a fixed peppercorn rent

Location

Miles: 21 miles north of London, 14 miles north of Watford, 6 miles east of St Albans
Roads: A1(M), M25, A414, A1001
Rail: Hatfield Rail Station
Air: London Luton Airport, London Heathrow Airport, , London Stansted Airport

Situation

Tenure

Virtual Freehold. Held from Frontier Key (Hatfield) Limited for 999 years from completion of the sale at a fixed peppercorn rent

Description

The property comprises a ground floor retail unit within a larger mixed use development scheme and benefits from a shared car park.

VAT

VAT is 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 retail unit within a larger mixed use development scheme and benefits from a shared car park.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
12	Retail	131.70 sq m	(1,418 sq ft)	SUBWAY REALTY LIMITED (1)	13 years from 13/09/2007 until 2020 (2)	£26,000	2012 and 5 yearly

(1) For the year ending 31st December 2010, Subway Realty Limited reported a turnover of £26,281,982, a pre-tax profit of £1,439,979 and total net worth of £2,885,076. (Source: www.riskdisk.com 01/09/2011)
(2) The tenant has sub-let the property to Joga Shaker who operates as a Subway franchise.