Co-Operative Supermarket, 29-31 Elmshott Lane Cippenham Slough Berkshire SL1 5QS

  • Co-Operative Supermarket, 29-31 Elmshott Lane<br>Cippenham<br>Slough<br>Berkshire<br>SL1 5QS

Co-Operative Supermarket, 29-31 Elmshott Lane
Cippenham
Slough
Berkshire
SL1 5QS

Freehold Retail Investment

  • Let to Somerfield Property Company Ltd (t/a Co-Op) until 2020
  • Important 2010 rent review
  • Approximately 515.50 sq m (5,554 sq ft)
  • Prominent Position opposite Cippenham Junior School
  • Nearby occupiers include RSPCA, Nationwide Building
  • Society and National Tyres & Autocare
  • Lot
    24
  • Auction
    21st October 2010
  • Rent
    £36,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP
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Freehold Retail Investment

  • Let to Somerfield Property Company Ltd (t/a Co-Op) until 2020
  • Important 2010 rent review
  • Approximately 515.50 sq m (5,554 sq ft)
  • Prominent Position opposite Cippenham Junior School
  • Nearby occupiers include RSPCA, Nationwide Building
  • Society and National Tyres & Autocare
  • Lot 24
  • Auction 21st October 2010
  • Rent £36,000 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Supermarket/Convenience
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP

Property Information

Location
Miles
21 miles west of London, 18 miles east of Reading, 32 miles south-east of Oxford
Roads
A4, M4, M25, M40
Rail
Slough (direct access to London Paddington Railway Station)
Air
Heathrow Airport
Situation

The property is situated in Cippenham Village opposite Cippenham Junior School in a predominantly residential area. Cippenham is situated approximately 2 miles to the west of Slough’s town centre and 0.25 miles south of the A4 dual carriageway. Nearby occupiers include RSPCA, Nationwide Building Society and National Tyres & Autocare.

Tenure

Freehold.

Location
Miles
21 miles west of London, 18 miles east of Reading, 32 miles south-east of Oxford
Roads
A4, M4, M25, M40
Rail
Slough (direct access to London Paddington Railway Station)
Air
Heathrow Airport
Situation

The property is situated in Cippenham Village opposite Cippenham Junior School in a predominantly residential area. Cippenham is situated approximately 2 miles to the west of Slough’s town centre and 0.25 miles south of the A4 dual carriageway. Nearby occupiers include RSPCA, Nationwide Building Society and National Tyres & Autocare.

Tenure

Freehold.

Description

The property comprises a GROUND FLOOR RETAIL UNIT with STORAGE and ANCILLARY ACCOMMODATION to the rear and on the first floor. The tenant also occupies the adjoining interconnecting unit.

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 STORAGE and ANCILLARY ACCOMMODATION to the rear and on the first floor. The tenant also occupies the adjoining interconnecting unit.

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
Storage/Ancillary
Ancillary

268 sq m
169.92 sq m
77.58 sq m
(2,890 sq ft)
(1,829 sq ft)
(835 sq ft)

SOMERFIELD PROPERTY COMPANY LTD
(formerly GATEWAY PROPERTIES LTD) (1)

30 years from 25/12/1990 until 31/10/2020 £36,000 25/12/2010 and 25/12/2015
Totals  
515.50 sq m (2)

(5,554 sq ft) (2)

    £36,000  

(1) For the year ending 2nd May 2009, Somerfield Property Company Limited reported a turnover of £43,739,000, pre-tax profits of £84,272,000 and a net worth of £462,110,000. Somerfield Stores Limited is a subsidiary of Co-Operative Group Limited. (Source: www.riskdisk.com 20/09/2010)(2) Please note that the tenant has constructed some buildings on the freehold title outside of the occupational lease demise. These areas have not been included within the accommodation schedule. For full details please refer to the legal pack and the licence for alterations dated 25th June 2007.

Contacts

Seller's Solicitors
Jaffe Porter Crossick LLP Omni House, 252 Belsize Road
London
NW6 4BT
0207 644 7290
Surina Cohen 0207 644 6098scohen@jpclaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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