12 / 20 High Street Wickford Essex SS12 9AZ

12 / 20 High Street
Wickford
Essex
SS12 9AZ

Freehold Retail Ground Rent Investment

Let until 2097 (79 years unexpired)
Rent geared to 35% of occupational rents
Site area approximately 0.1 hectares (0.25 acres)
Prominent town centre location
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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Ground Rent Investment

Let until 2097 (79 years unexpired)
Rent geared to 35% of occupational rents
Site area approximately 0.1 hectares (0.25 acres)
Prominent town centre location
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

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).