110 High Street Marlborough Wiltshire SN8 1LT

110 High Street
Marlborough
Wiltshire
SN8 1LT

Freehold Retail Investment

Let to WH Smith Retail Holdings Ltd on a 10 year reversionary lease until 2024 (no breaks)
Prime retailing position in highly affluent and prosperous market town
Rent Review September 2014
Grade II Listed
Tenant in occupation since at least 1989
Neighbouring occupiers Waitrose, Caffè Nero, Vodafone, Pizza Express and Boots

Lot
19
Auction
22nd May 2014
Rent
£115,500 per Annum Exclusive
Status
Sold
Price
£2,250,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let to WH Smith Retail Holdings Ltd on a 10 year reversionary lease until 2024 (no breaks)
Prime retailing position in highly affluent and prosperous market town
Rent Review September 2014
Grade II Listed
Tenant in occupation since at least 1989
Neighbouring occupiers Waitrose, Caffè Nero, Vodafone, Pizza Express and Boots

Lot 19
Auction 22nd May 2014
Rent £115,500 per Annum Exclusive
Status Sold
Price £2,250,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 11 miles south of Swindon; 18 miles west of Newbury; 31 miles east of Bath
Roads: A4, A346, M4 (Junction 15)
Rail: Pewsy Rail Station, Bedwyn Rail Station
Air: Bournemouth International Airport

Situation

The property is located in the highly affluent and prosperous market town of Marlborough, situated in a prime position on the north side of the High Street.
Neighbouring occupiers include Waitrose, Caffe Nero, Vodafone, Pizza Express and Boots.

Tenure

Freehold.

Location

Miles: 11 miles south of Swindon; 18 miles west of Newbury; 31 miles east of Bath
Roads: A4, A346, M4 (Junction 15)
Rail: Pewsy Rail Station, Bedwyn Rail Station
Air: Bournemouth International Airport

Situation

Tenure

Freehold.

Description

The property, a Grade II Listed building comprises retail accommodation on the ground floor with ancillary accommodation on the first floor. The tenant has sublet part of the ground floor to a company t/a Prospect Charity Shop.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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	Review
Ground First	Retail Ancillary	303.04 sq m 178.84 sq m	(3,262 sq ft) (1,925 sq ft)	WH SMITH RETAIL HOLDINGS LIMITED (1)	35 years from 29/09/1989 until 2024 on a full repairing and insuring lease (2)	£115,500	29/09/2014 & 2019
Totals		481.88 sq m	(5,187 sq ft)			£115,500

(1) The tenant has been in occupation of the property since 1989. WH Smith Retail Holdings Limited are a subsidiary of WH Smith Plc. WH Smith was created in 1828 and currently operate from 1,200 outlets nationwide (www.whsmith.co.uk)
(2)The tenant occupies the property under a lease for a term of 25 years from 29th September 1989 at a current rent reserved of £115,500 p.a.x. The parties have signed a reversionary lease for a term of 10 years from 29th September 2014 at a rent reserved of £115,500 p.a.x.