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
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
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.
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