Recently renewed on a new 5 year term expiring 2024
Located within affluent Berkshire town
Nearby occupiers include Costa, Co-op and Oxfam
Lot 10
Auction 12th February 2020
Rent £20,800 per Annum Exclusive
Status Sold
Price £410,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
On behalf of Trustees
Property Information
Location
Miles
6 miles north-west of Reading
22 miles south-east of Oxford
Roads
B471, A340, M4 (Junction 12)
Rail
Pangbourne Rail
Air
Heathrow Airport
Situation
Pangbourne is an affluent Berkshire town, some 6 miles north-west of Reading. The property occupies a prominent position on The Square in the heart of the town centre. Nearby occupiers include Costa, Co-op, Vision Express and Oxfam.
Tenure
Freehold.
Location
Miles
6 miles north-west of Reading
22 miles south-east of Oxford
Roads
B471, A340, M4 (Junction 12)
Rail
Pangbourne Rail
Air
Heathrow Airport
Situation
Pangbourne is an affluent Berkshire town, some 6 miles north-west of Reading. The property occupies a prominent position on The Square in the heart of the town centre. Nearby occupiers include Costa, Co-op, Vision Express and Oxfam.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation. At the rear of the site is a detached store and adjoining garage.
VAT
VAT is not applicable to this lot.
EPC
Band D. Available to download at acuitus.co.uk
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation. At the rear of the site is a detached store and adjoining garage.
VAT
VAT is not applicable to this lot.
EPC
Band D. Available to download at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Retail/Store Ancillary
96.64 sq m 52.33 sq m
(1,040 sq ft) (563 sq ft)
WH SMITH RETAIL HOLDINGS LIMITED (1)
5 years from 21/03/2019
£20,800
20/03/2024
Total
148.97 sq m
(1,603 sq ft)
£20,800
(1) For the year ending 31 August 2018, WH Smith Retail Holdings Limited reported a turnover of £180,610,000, pre-tax profits of £115,766,000 and a total net worth of £440,313,000 (Source: Experian Group 16/01/2020). Established in 1792, WHSmith started out as family-run newsagents and now has over 600 stores on the high street and another 600+ stores at airports, train stations, hospitals and motorway services (Source: www.whsmith.co.uk 16/01/2019).
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
