Neighbouring occupiers include Halifax, Poundland, Greggs, Costa Coffee and Subway
Lot 5
Auction 5th December 2018
Rent £24,448 per Annum Exclusive
Status Sold Prior
Price
Sector Ground Rent
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
30 miles east of Central London
10 miles south of Chelmsford
Roads
A130, A127, M25
Rail
Wickford Railway Station
Air
London Stansted Airport
London Southend Airport
Situation
The property is prominently located in the town centre on the east side of High Street, opposite the main entrance to The Willows Shopping Centre with occupiers including Boots, Holland & Barrett and Post Office. The town’s main car park is to the rear of the property. Other neighbouring occupiers include Halifax, Poundland, Greggs, Costa Coffee and Subway.
Tenure
Freehold.
Location
Miles
30 miles east of Central London
10 miles south of Chelmsford
Roads
A130, A127, M25
Rail
Wickford Railway Station
Air
London Stansted Airport
London Southend Airport
Situation
The property is prominently located in the town centre on the east side of High Street, opposite the main entrance to The Willows Shopping Centre with occupiers including Boots, Holland & Barrett and Post Office. The town’s main car park is to the rear of the property. Other neighbouring occupiers include Halifax, Poundland, Greggs, Costa Coffee and Subway.
Tenure
Freehold.
Description
The property comprises a regular and level site of approximately 0.1 hectares (0.25 acres) upon which is a parade of retail units. There is an electricity substation on the site.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Description
The property comprises a regular and level site of approximately 0.1 hectares (0.25 acres) upon which is a parade of retail units. There is an electricity substation on the site.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
12
Ground First
Retail Ancillary
85.8 sq m 17.9 sq m
(924 sq ft) (193 sq ft)
SHEET ANCHOR EVOLVE LIMITED (2)
125 years from 28/03/1972 until 2097 on a full repairing and insuring lease
£24,448
Annually
14
Ground First
Retail Ancillary
102.7 sq m 22 sq m
(1,105 sq ft) (237 sq ft)
16
Ground First
Retail Ancillary
97.5 sq m 21.8 sq m
(1,049 sq ft) (235 sq ft)
18
Ground First
Banking Hall Ancillary
265.7 sq m 421.8 sq m
(2,860 sq ft) (4,540 sq ft)
20
Ground
Retail
445.9 sq m
(4,750 sq ft)
Total
1,481.1 sq m
(15,943 sq ft)
£24,448
(1) Under the terms of the lease, the rent received is geared to a sum equal to 35% of the occupational rents receivable from units 12-20. Part of unit 18 and unit 20 is outside of the freehold being offered for sale, but under the terms of the lease it is included in the calculation of the rent reserved. The total occupational rents received from Quarter 4 2017 to Quarter 3 2018 inclusive was £84,852.32. Please see the legal pack for details. (2) Sheet Anchor Evolve Limited was incorporated in 2013 and for the year ending 31st December 2017 reported a turnover of £9,208,000, pre-tax profits of £8,008,000 and a total net worth of £15,704,000 (Experian 7/11/2018).
