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
The property comprises a terrace of four units fronting the eastern side of Heralds Way and three units (arranged as two shops) fronting the western side of 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
The property comprises a terrace of four units fronting the eastern side of Heralds Way and three units (arranged as two shops) fronting the western side of Chipping Row. Nearby occupiers include Asda, McDonald’s, NatWest, Santander and a number of independent retailers.
Tenure
Freehold.
Description
The property comprises seven retail units on the ground and part first floors, with 8 flats on the part first/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 seven retail units on the ground and part first floors, with 8 flats on the part first/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
No.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review
Chipping Row 5/7 9
Ground Ground
Retail Barber
47.75 sq m 55.30 sq m
(514 sq ft) (595 sq ft)
B.J.’S OF WOODHAM LIMITED (1)
125 years from 12/10/1984 until 11/10/2109 on a full repairing and insuring lease
£15,187.50
12/10/2019 and five yearly thereafter (2)
Heralds Way 20 22 24 26 Flats
Ground Ground/First Ground Ground First/Second
Retail Vacant Takeaway Takeaway Residential
40.40 sq m 16.59 sq m 52.46 sq m 37.52 sq m 8 Flats
(435 sq ft) (179 sq ft) (565 sq ft) (404 sq ft)
Total Commercial Area
250.07 sq m
(2,692 sq ft)
£15,187.50
(1) For the year ending 31st October 2014, B.J.’s of Woodham Limited reported a net worth of £413,228 (Source: Experian Group 05/11/2015). We understand that the property is sublet to various occupational tenants producing a sub-let rent of £65,410 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 August 2015. A copy of this schedule is provided in the legal pack.
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