Entirely let to Kwik-Fit Properties Limited (guaranteed by Kwik-Fit Holdings Limited) until 2027 (no breaks)
Prominent corner position on the A232 (High Street)
Located in affluent Kent town
Nearby occupiers include Sainsbury's Superstore, Travis Perkins, M&S Simply Food and Shell
Lot 22
Auction 19th October 2017
Rent £49,033 per Annum Exclusive
Status Sold
Price £1,005,000
Sector Motor Trade, Petrol Station
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
3 miles south west of Bromley, 4 miles east of Croydon, 12 miles south east of Central London
Roads
A232, M25 (Junction 4)
Rail
West Wickham Rail
Air
London City Airport
Situation
West Wickham is a popular Kent town some 4 miles east of Croydon. The property occupies a prominent corner position on the High Street (A232), which provides direct access to the M25 (Junction 4) via the A21. Nearby occupiers include Sainsbury's Superstore, Travis Perkins, M&S Simply Food and Shell.
Tenure
Freehold.
Location
Miles
3 miles south west of Bromley, 4 miles east of Croydon, 12 miles south east of Central London
Roads
A232, M25 (Junction 4)
Rail
West Wickham Rail
Air
London City Airport
Situation
West Wickham is a popular Kent town some 4 miles east of Croydon. The property occupies a prominent corner position on the High Street (A232), which provides direct access to the M25 (Junction 4) via the A21. Nearby occupiers include Sainsbury's Superstore, Travis Perkins, M&S Simply Food and Shell.
Tenure
Freehold.
Description
The property comprises a ground floor tyre depot with reception area and first floor ancillary accommodation. The property benefits from five roller shutter doors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor tyre depot with reception area and first floor ancillary accommodation. The property benefits from five roller shutter doors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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
First
Workshop & Reception Ancillary
191.9 sq m
149.54 sq m
(2,065 sq ft)
(1,609 sq ft)
KWIK-FIT PROPERTIES LIMITED guaranteed by Kwik-Fit Holdings Limited (1)
30 years from 22/12/1997 until 21/12/2027 on a full repairing and insuring lease
£49,033.81
22/12/2017 22/12/2022
Total
341.44 sq m
(3,674 sq ft)
£49,033.81
(1) Kwik Fit are experts in automotive repair including tyres, MOT testing, car servicing, exhausts, brakes, and air-con. They are the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products in over 600 centres (Source: www.kwikfit.com). For the year ending 31st March 2016, Kwik-Fit Holdings Limited reported a total net worth of £28,538,000 (Source: Experian Group - 20/02/2017).
Contacts
Seller's Solicitors
Philip Ross Solicitors 34 Queen Anne St London W1G 8HE +44 (0) 20 7785 9151
