43 High Street Grays Essex RM17 6NB

43 High Street
Grays
Essex
RM17 6NB

Freehold Retail Investment

Let to Tui UK Retail Limited. t/a First Choice Travel
Prime pedestrianised town centre location
Adjacent to the 50+Unit Grays Shopping Centre
Neighbouring occupiers include Boots the Chemist, New Look, Greggs, Halifax, Lloyds TSB and HSBC
Six Week Completion Available

Lot
27
Auction
26th May 2011
Rent
£24,000 per Annum Exclusive
Status
Sold
Price
£280,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let to Tui UK Retail Limited. t/a First Choice Travel
Prime pedestrianised town centre location
Adjacent to the 50+Unit Grays Shopping Centre
Neighbouring occupiers include Boots the Chemist, New Look, Greggs, Halifax, Lloyds TSB and HSBC
Six Week Completion Available

Lot 27
Auction 26th May 2011
Rent £24,000 per Annum Exclusive
Status Sold
Price £280,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 24 miles east of the City of London
Roads: M25, A13
Rail: Grays Railway
Air: London Stansted Airport, London City Airport, Southend Airport

Situation

The property is situated in a prime trading position on the eastern side of the pedestrianised High Street, immediately adjacent to the major 50-unit Grays Shopping Centre. Grays Railway Station is located 50 metres to the south. Nearby occupiers include Boots the Chemist, New Look, Greggs, Halifax, Lloyds TSB and HSBC.

Tenure

Freehold.

Location

Miles: 24 miles east of the City of London
Roads: M25, A13
Rail: Grays Railway
Air: London Stansted Airport, London City Airport, Southend Airport

Situation

Tenure

Freehold.

Description

The property comprises retail and ancillary accommodation on the ground floor and 5 room self-contained maisonette on the first floor and second floor. The maisonette is accessed from the rear of the property.

VAT

VAT is not applicable to this lot.

EPC

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

Description

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Gross Frontage Net Frontage Shop Depth Retail Ancillary	6.02 m 5.51 m 15.19 m 81.75 sq m 55.65 sq m	(19' 9") (18' 1") (49' 10") (880 sq ft) (599 sq ft)	TUI UK RETAIL LIMITED (t/a First Choice Travel)	20 years from 14/08/1995	£24,000	(13/08/2015)
First & Second	Residential	5 Room Maisonette
Totals		137.40 sq m	(1,479 sq ft)			£24,000

(1) First Choice is a brand owned by TUI Travel plc, the world's leading leisure travel company operating in over 180 countries with more than 30 million customers in 27 key source markets. TUI Travel has over 200 brands which are comprised of market-leading mainstream brands and specialist travel businesses. TUI Travel is headquartered in the UK and employs approximately 49,000 people. (http://www.tuitravelplc.com/tui/pages/aboutus/corporateprofile)
(2) The floor areas stated above have been agreed between the parties at a previous rent review.