67/69 Woolwich New Road Woolwich SE18 6EE

67/69 Woolwich New Road
Woolwich
SE18 6EE

Freehold Retail Investment

Let to Thomas Cook Travel Ltd guaranteed by Thomas Cook UK Ltd
Located in Woolwich town centre close to the Woolwich DLR and Woolwich Arsenal Station
Nearby occupiers include Greenwich Council, Auto Trader, Co-Operative Foods and the Post Office
Six Week Completion Available

Lot
2
Auction
24th May 2012
Rent
£21,500 per Annum Exclusive
Status
Sold
Price
£265,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let to Thomas Cook Travel Ltd guaranteed by Thomas Cook UK Ltd
Located in Woolwich town centre close to the Woolwich DLR and Woolwich Arsenal Station
Nearby occupiers include Greenwich Council, Auto Trader, Co-Operative Foods and the Post Office
Six Week Completion Available

Lot 2
Auction 24th May 2012
Rent £21,500 per Annum Exclusive
Status Sold
Price £265,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: Woolwich town centre, 3 miles east of Greenwich, 10 miles south-east of Central London
Roads: A205 (South Circular) A20, A2
Rail: Woolwich Arsenal Station, Woolwich DLR
Air: London City Airport

Situation

The property is situated in Woolwich town centre, some 100 metres from Woolwich Arsenal Station and the recently completed Docklands Light Railway extension. The property also benefits from excellent communication routes via the A205 (South Circular) and A2 roads. Nearby occupiers include Co-Operative Foods, Auto Trader, The Post Office and Greenwich Council.

Tenure

Freehold.

Location

Miles: Woolwich town centre, 3 miles east of Greenwich, 10 miles south-east of Central London
Roads: A205 (South Circular) A20, A2
Rail: Woolwich Arsenal Station, Woolwich DLR
Air: London City Airport

Situation

Tenure

Freehold.

Description

The property comprises ground retail unit with first floor ancillary accommodation. In addition the property also benefits from a basement.

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 ground retail unit with first floor ancillary accommodation. In addition the property also benefits from a basement.

VAT

VAT is 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	Reviews
Ground Basement First	Retail Ancillary Storage Office and Ancillary accommodation	102.89 sq m 72.59 sq m 69.95 sq m	(1,108 sq ft) (781 sq ft) (753 sq ft)	THOMAS COOK TRAVEL LTDguaranteed by Thomas CookGroup UK Ltd (t/aThe Co-operative Travel) (1)(4)	10 years from 01/10/2011 until 2021 on a full repairing and insuring lease (2) (3)	£21,500	01/10/2016
Totals		245.43 sq m	(2,642 sq ft)			£21,500

(1) For the year ending 30th Septmeber 2010 Thomas Cook Group UK Limited reported a total net worth of £718,887,000. (Source: www.riskdisk.com 18/04/2012)
(2) The lease provides for a tenant’s option to determine on 1st October 2016.
(3) The lease is subject to a Schedule of Condition.
(4) On 4th October 2011 Thomas Cook Group, The Co-Operative Travel and Midlands Co-Operative established a joint venture to combine their UK High Street travel and foreign exchange businesses, creating the UK’s largest travel retailer with around 1,200 branches across England, Scotland, Wales and Northern Ireland.