54-56 High Street Billericay Essex CM12 9BS

54-56 High Street
Billericay
Essex
CM12 9BS

Freehold Retail Investment

Majority let to W H Smith Retail Holdings Limited until 2022
Prominent High Street location
Nearby occupiers include Boots, Holland & Barrett, M&Co, Barclays and Lloyds TSB
Six Week Completion Period Available

Lot
19
Auction
29th March 2012
Rent
£65,000 per Annum Exclusive
Status
Sold
Price
£950,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of J E Cookson and A J Phillips as Joint LPA Receivers, Colliers International

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Freehold Retail Investment

Majority let to W H Smith Retail Holdings Limited until 2022
Prominent High Street location
Nearby occupiers include Boots, Holland & Barrett, M&Co, Barclays and Lloyds TSB
Six Week Completion Period Available

Lot 19
Auction 29th March 2012
Rent £65,000 per Annum Exclusive
Status Sold
Price £950,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of J E Cookson and A J Phillips as Joint LPA Receivers, Colliers International

Property Information

Location

Miles: 9 miles south of Chelmsford 26 miles east of the City of London
Roads: B1007, A129, A12, A127
Rail: Billericay Railway Station (30 minutes to London Liverpool Street)
Air: London City, London Stansted

Situation

The property is situated in a prominent town centre location on the eastern side of the High Street. Nearby occupiers include Boots,Holland & Barrett, M&Co, Barclays and Lloyds TSB.

Tenure

Freehold.

Location

Miles: 9 miles south of Chelmsford 26 miles east of the City of London
Roads: B1007, A129, A12, A127
Rail: Billericay Railway Station (30 minutes to London Liverpool Street)
Air: London City, London Stansted

Situation

The property is situated in a prominent town centre location on the eastern side of the High Street. Nearby occupiers include Boots,Holland & Barrett, M&Co, Barclays and Lloyds TSB.

Tenure

Freehold.

Description

The property comprises a ground retail unit with self-contained dental surgery on first floor, accessed from the High Street.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability. In relation to VAT, buyers should note clause 8 of the Special Conditions of Sale which shall prevail.

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	Retail	128.48 sq m	(1,383 sq ft)	W H SMITH RETAIL HOLDINGS LIMITED (1)	10 years from 10/02/2012 until 16/02/2022	£52,000	17/02/2017
First	Dental Surgery	106.56 sq m	(1,147 sq ft)	INDIVIDUALS (t/a Dental Kind)	10 years from 27/01/2012 until 27/01/2022 (2)	£13,000	30/04/2017
Totals		235.04 sq m	(2,530 sq ft)			£65,000

(1) For the year ending 31st August 2011, W H Smith Retail Holdings Limited reported a turnover of £180,189,000, pre-tax profits of £180,646,000 and a total net worth of £442,012,000. (Source: www.riskdisk.com 05/03/2012)
(2)The first floor lease provides a tenant option to determine on 27th January 2017 subject to 6 months’ notice