Freehold Retail Investment in Historic Town Centre Location
Retail unit let to Dignity Funerals Ltd t/a F G Pymm & Son until 2021 (subject to option)
Self-contained first floor two bedroom residential flat
Located in affluent Berkshire town
Situated diagonally opposite East Berkshire College
Approximately 350 metres from King Edward Court Shopping Centre
Rent is subject to note 3
Six Week Completion Available
Lot 31
Auction 18th October 2012
Rent £25,250 per Annum Exclusive
Status Sold
Price £275,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
16 miles north-west of Henley, 20 miles south-west of Reading, 25 miles east of London
Roads
A308, A332, M4 (Junction 6), M25 (Junction 15)
Rail
Windsor and Eton Riverside Rail Station
Air
London Heathrow International Airport
Situation
The property is situated diagonally opposite East Berkshire College on the east side of St Leonard’s Road, some 350 metres from King Edward Court Shopping Centre which houses retailers such as Next, Top Shop, Costa Coffee, H&M, New Look and Zara.
Tenure
Freehold.
Location
Miles
16 miles north-west of Henley, 20 miles south-west of Reading, 25 miles east of London
Roads
A308, A332, M4 (Junction 6), M25 (Junction 15)
Rail
Windsor and Eton Riverside Rail Station
Air
London Heathrow International Airport
Situation
The property is situated diagonally opposite East Berkshire College on the east side of St Leonard’s Road, some 350 metres from King Edward Court Shopping Centre which houses retailers such as Next, Top Shop, Costa Coffee, H&M, New Look and Zara.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with basement ancillary and a self-contained two bedroom residential flat on first and second floors, accessed from the rear.
VAT
VAT is not 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 with basement ancillary and a self-contained two bedroom residential flat on first and second floors, accessed from the rear.
VAT
VAT is not 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
Retail Ancillary
69.37 sq m 47.90 sq m
(746.70 sq ft) (515.60 sq ft)
DIGNITY FUNERALS LIMITED (1) T/A F G PYMM & SON
10 years from 09/08/2011 until 08/08/2021 on a full repairing and insuring lease (2)
£25,000 (3)
09/08/2016
First/Second
Residential Two Bedroom Flat
Not Measured
INDIVIDUALS
125 years from 01/10/2010 until 30/09/2135
£250
01/10/2035 and 25 yearly thereafter (4)
Totals
117.27 sq m
(1,262.30 sq ft)
£25,250
(1) Dignity funeral homes and crematoria have been serving their local communities for generations. They are listed on the London Stock Exchange and are active members of the National Association of Funeral Directors and the Federation of Burial and Cremation Authorities. (Source: www.dignityfunerals.co.uk 14/09/2012) (2) The lease provides for a tenant’s option to determine on the fifth anniversary of the term. (3) The current rent reserved under the terms of the lease is £21,500 p.a.x. The lease provides for fixed increases in rent as follows; £22,500 p.a.x. on 9th August 2013, £24,000 p.a.x. on 9th August 2014 and £25,000 p.a.x. on 9th August 2015. The seller will pay the buyer the difference between the passing rent and £25,000. (4) As to the residential lease the rent is to increase by £250 p.a.x. at each review.
Contacts
Seller's Solicitors
Blaser Mills Solicitors 119 High Street Old Amersham Bucks HP7 0EA
