Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
10 miles south of Chelmsford, 42 miles east of Central London
Roads
A12, A127, A130
Rail
South Woodham Ferrers Railway Station
Air
Stansted Airport
Situation
15 & 17 Trinity Square is situated on the southern side of Trinity Square, whilst 10, 12 and 14 Chipping Row are situated on the eastern side of the pedestrianised Chipping Row. Nearby occupiers include Asda, McDonald’s, NatWest, Santander and a number of independent retailers.
Tenure
Freehold.
Location
Miles
10 miles south of Chelmsford, 42 miles east of Central London
Roads
A12, A127, A130
Rail
South Woodham Ferrers Railway Station
Air
Stansted Airport
Situation
15 & 17 Trinity Square is situated on the southern side of Trinity Square, whilst 10, 12 and 14 Chipping Row are situated on the eastern side of the pedestrianised Chipping Row. Nearby occupiers include Asda, McDonald’s, NatWest, Santander and a number of independent retailers.
Tenure
Freehold.
Description
The property comprises four shops (including a sub-post office) and one takeaway restaurant. The properties are comprised of ground floor retail with part ancillary accommodation on the second floors.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises four shops (including a sub-post office) and one takeaway restaurant. The properties are comprised of ground floor retail with part ancillary accommodation on the second floors.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reviews
Chipping Row 10 12 14
Ground/First Ground Ground First
Takeaway/Ancillary Beauty Salon Retail/Sub Post Office Gym/Studio
125 years from 01/12/1982 until 30/11/2107 on a full repairing and insuring lease
£9,225
01/12/2017 and five yearly thereafter (2)
Trinity Square 15
17
Ground First Ground First
Hairdresser Ancillary Retail Ancillary
37.10 sq m 41.40 sq m 41.50 sq m 39.10 sq m
(399 sq ft) (445 sq ft) (447 sq ft) (421 sq ft)
Totals
681.40 sq m
(7,336 sq ft)
£9,225
(1) For the year ending 30th April 2015, Golden Homes Limited reported a total net worth of £1,232,129 (Source: Experian Group: 05/11/2015). We understand that the property is sub-let to five tenants producing a sub-let rent of £56,750 per annum. (2)The lease provides for 5 yearly rent reviews to the higher of rent passing or 22.5% of open market value. (3)The subtenancy information was provided to the vendor by the tenant in October 2015. A copy of this schedule is provided in the legal pack.
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