Freehold Retail Investment
Freehold Retail Investment
Gerrards Cross is a highly affluent and attractive London commuter town. The property is situated on the east side of Packhorse Road (B416) close to Gerrards Cross Railway Station. Packhorse Road is the town's main retail thoroughfare with occupiers such as W H Smith, Boots, Santander, Costa Coffee and Hamptons International.
Freehold.
Gerrards Cross is a highly affluent and attractive London commuter town. The property is situated on the east side of Packhorse Road (B416) close to Gerrards Cross Railway Station. Packhorse Road is the town's main retail thoroughfare with occupiers such as W H Smith, Boots, Santander, Costa Coffee and Hamptons International.
Freehold.
The property comprises ground floor retail accommodation and self-contained offices at first floor level. The offices are accessed via a separate entrance at the front of the building. The property benefits from a large forecourt.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground floor retail accommodation and self-contained offices at first floor level. The offices are accessed via a separate entrance at the front of the building. The property benefits from a large forecourt.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail and Ancillary Offices | 543.46 sq m |
(5,850 sq ft) (1,055 sq ft) |
MARKS & SPENCER PLC (1) |
15 years from 21/06/2006 until 2021 on a full repairing and insuring lease |
£110,000 | June 2011 and 2016 |
| Totals | 641.46 sq m |
(6,905 sq ft) |
£110,000 | ||||
(1) For the year ending 3rd April 2010, Marks & Spencer plc reported a turnover of £9,536,600,000, a pre-tax profit of £702,700,000 and a net worth of £4,346,400,000. (Source: riskdisk.co.uk 27/04/2011)
(2) The tenant has sub-let the first floor office at a current sub-rent of £13,500 per annum exclusive. The sublease is outside the security tenure provisions of the Landlord and Tenant Act 1954.
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