Entirely let to Thomas Estates Limited (t/a Cashino) on a new 15 year lease until 2027
Prominent town centre position
Within close proximity of Friars Square Shopping Centre and Hale Leys Shopping Centre
Nearby occupiers include Nationwide, Lloyds TSB, Subway and Timpson
Six Week Completion Available
Lot 25
Auction 10th July 2012
Rent £19,000 per Annum Exclusive
Status Sold
Price £221,000
Sector Leisure
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On Behalf of Joint LPA Receivers, Wedlake Bell
Property Information
Location
Miles
23 miles east of Oxford, 40 miles north-west of London
Roads
A41, A413, A418, M40 (Junction 7)
Rail
Aylesbury Railway Station
Air
London Luton
Situation
The property is situated in a prominent location within the town centre on the southern side of Kingsbury Square, close to its junction with the pedestrianised High Street and Market Street. The property is located within close proximity of both Friars Square Shopping and Hale Leys Shopping Centre, with other nearby occupiers including Nationwide, Lloyds TSB, Subway and Timpson.
Tenure
Freehold.
Location
Miles
23 miles east of Oxford, 40 miles north-west of London
Roads
A41, A413, A418, M40 (Junction 7)
Rail
Aylesbury Railway Station
Air
London Luton
Situation
The property is situated in a prominent location within the town centre on the southern side of Kingsbury Square, close to its junction with the pedestrianised High Street and Market Street. The property is located within close proximity of both Friars Square Shopping and Hale Leys Shopping Centre, with other nearby occupiers including Nationwide, Lloyds TSB, Subway and Timpson.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit, trading as an amusement arcade with ancillary and storage accommodation on the first and second floors.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
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, trading as an amusement arcade with ancillary and storage accommodation on the first and second floors.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
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 Second
Retail Ancillary/Staff Ancillary
47.88 sq m 22.98 sq m 19.94 sq m
(515 sq ft) (247 sq ft) (215 sq ft)
THOMAS ESTATESLIMITED (1)(t/a Cashino)
15 years from 17/05/2012 until 16/05/2027 on a full repairing and insuring lease
£19,000
17/05/2017 and five yearly thereafter
Totals
90.80 sq m
(977 sq ft)
£19,000
(1) For the year ending 26th December 2010, Thomas Estates Limited reported a turnover of £29,709,301, pre-tax profits of £720,244 and a total net worth of £7,939,180. (Source: www.riskdisk.com 12/06/2012)
