Freehold Retail Investment and Office Letting Opportunity
Let to Smart Move Estate Agents Ltd and Yankee Beauty Salon
Vacant office space with separate access
Located on the busy Stratford Road
Nearby occupiers include Tesco and Asda
6 Week Completion
Lot 47
Auction 22nd May 2014
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On Behalf of LPA Receivers GVA
Property Information
Location
Miles
66 miles south-east of Birmingham, 54 miles north-west of Central London
Roads
M1 (Junction 14), A5, A421
Rail
Wolverton Railway Station
Air
Luton Airport (29 miles)
Situation
The property is situated within half a mile of the Wolverton Railway Station and on the busy Stratford Road. Nearby occupiers include Tesco and Asda.
Tenure
Freehold.
Location
Miles
66 miles south-east of Birmingham, 54 miles north-west of Central London
Roads
M1 (Junction 14), A5, A421
Rail
Wolverton Railway Station
Air
Luton Airport (29 miles)
Situation
The property is situated within half a mile of the Wolverton Railway Station and on the busy Stratford Road. Nearby occupiers include Tesco and Asda.
Tenure
Freehold.
Description
The property comprises two traditional retail units. 5 Stratford Road is a single storey unit trading as an estate agency and includes residential property to the rear which has been let on a long lease generating a ground rent. 6 Stratford Road is a two storey unit, the ground floor of which is trading as a beauty salon, the first floor comprises a vacant office with separate access from the front.
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 two traditional retail units. 5 Stratford Road is a single storey unit trading as an estate agency and includes residential property to the rear which has been let on a long lease generating a ground rent. 6 Stratford Road is a two storey unit, the ground floor of which is trading as a beauty salon, the first floor comprises a vacant office with separate access from the front.
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
Address
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
5 Stratford Road
Ground
Retail
105.40 sq m
(1,135 sq ft)
SMART MOVE ESTATE AGENTS LTD
5 years from 01/06/2013
£15,000
30/05/2018
6 Stratford Road
Ground
Retail
91.04 sq m
(980 sq ft)
ADDAI-MINKAH t/a Yankee Beauty Salon
5 years from 30/09/2011
£12,000
30/09/2016
6 Stratford Road
First
Office
Not Measured
VACANT
Totals
196.44 sq m
(2,115 sq ft)
£27,000
Contacts
Seller's Solicitors
Wedlake Bell Solicitors 52 Bedford Row London WC1R 4LR
