156 Queensway Bletchley Milton Keynes Buckinghamshire MK2 2RS

156 Queensway
Bletchley
Milton Keynes
Buckinghamshire
MK2 2RS

Freehold Retail Investment

Entirely let to Cancer Research UK until 2020 (no break)
Located on Queensway, Bletchley's prime retailing pitch
Nearby occupiers include Lloyds Pharmacy, The Post Office, Nationwide, Clinton Cards, Lloyds TSB and William Hill
Rent: subject to note 2
Six Week Completion Available

Lot
40
Auction
18th October 2012
Rent
£13,900 per Annum Exclusive
Status
Sold
Price
£194,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
ON behalf of Joint LPA Receivers, Philip Matthews and Edward Starling, Wedlake Bell

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Freehold Retail Investment

Entirely let to Cancer Research UK until 2020 (no break)
Located on Queensway, Bletchley's prime retailing pitch
Nearby occupiers include Lloyds Pharmacy, The Post Office, Nationwide, Clinton Cards, Lloyds TSB and William Hill
Rent: subject to note 2
Six Week Completion Available

Lot 40
Auction 18th October 2012
Rent £13,900 per Annum Exclusive
Status Sold
Price £194,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
ON behalf of Joint LPA Receivers, Philip Matthews and Edward Starling, Wedlake Bell

Property Information

Location

Miles: 4 miles south of Milton Keynes, 27 miles north-west of Hemel Hempstead, 55 miles north-west of London
Roads: A5, A421, M1, M40
Rail: Bletchley Mainline Station (41 minutes to London Euston)
Air: Luton Airport

Situation

The property is situated on the southern side of Queensway, Bletchley's principal retail thoroughfare, and benefits from nearby occupiers including Lloyds Pharmacy, The Post Office, Nationwide, Clinton Cards, Lloyds TSB and William Hill.

Tenure

Freehold.

Location

Miles: 4 miles south of Milton Keynes, 27 miles north-west of Hemel Hempstead, 55 miles north-west of London
Roads: A5, A421, M1, M40
Rail: Bletchley Mainline Station (41 minutes to London Euston)
Air: Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first floor. The property also benefits from an area to the rear used for car parking.

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 ancillary accommodation on the first floor. The property also benefits from an area to the rear used for car parking.

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 First	Retail Ancillary	80.68 sq m 41.88 sq m	(868 sq ft) (451 sq ft)	CANCERRESEARCH UK(1)	8 years from 10/07/2012 until 09/07/2020 on a full repairing and insuring lease	£13,900 (2)	10/07/2016
Totals		122.56 sq m	(1,319 sq ft)			£13,900 (2)

(1) Cancer Research UK is the UK's leading cancer charity. They fund world-class research into all aspects of cancer, providing information and influencing public policy. Cancer Research UK run nearly 600 shops across the UK. (Source: www.cancerresearchuk.org 17/09/2012)
(2) For the purposes of clarification, Cancer Research UK are currently benefitting from a rent free period due to expire on 10th January 2013. The seller has agreed to adjust the completion monies so that the retail unit will effectively produce £13,900 from completion of the sale.