Let to Thomas Cook Travel Ltd guaranteed by Thomas Cook UK Ltd
Located in Woolwich town centre close to the Woolwich DLR and Woolwich Arsenal Station
Nearby occupiers include Greenwich Council, Auto Trader, Co-Operative Foods and the Post Office
Six Week Completion Available
Lot 2
Auction 24th May 2012
Rent £21,500 per Annum Exclusive
Status Sold
Price £265,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
Woolwich town centre, 3 miles east of Greenwich, 10 miles south-east of Central London
Roads
A205 (South Circular) A20, A2
Rail
Woolwich Arsenal Station, Woolwich DLR
Air
London City Airport
Situation
The property is situated in Woolwich town centre, some 100 metres from Woolwich Arsenal Station and the recently completed Docklands Light Railway extension. The property also benefits from excellent communication routes via the A205 (South Circular) and A2 roads. Nearby occupiers include Co-Operative Foods, Auto Trader, The Post Office and Greenwich Council.
Tenure
Freehold.
Location
Miles
Woolwich town centre, 3 miles east of Greenwich, 10 miles south-east of Central London
Roads
A205 (South Circular) A20, A2
Rail
Woolwich Arsenal Station, Woolwich DLR
Air
London City Airport
Situation
The property is situated in Woolwich town centre, some 100 metres from Woolwich Arsenal Station and the recently completed Docklands Light Railway extension. The property also benefits from excellent communication routes via the A205 (South Circular) and A2 roads. Nearby occupiers include Co-Operative Foods, Auto Trader, The Post Office and Greenwich Council.
Tenure
Freehold.
Description
The property comprises ground retail unit with first floor ancillary accommodation. In addition the property also benefits from a basement.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground retail unit with first floor ancillary accommodation. In addition the property also benefits from a basement.
VAT
VAT is 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 Basement First
Retail Ancillary Storage Office and Ancillary accommodation
102.89 sq m 72.59 sq m 69.95 sq m
(1,108 sq ft) (781 sq ft) (753 sq ft)
THOMAS COOK TRAVEL LTDguaranteed by Thomas CookGroup UK Ltd (t/aThe Co-operative Travel) (1)(4)
10 years from 01/10/2011 until 2021 on a full repairing and insuring lease (2) (3)
£21,500
01/10/2016
Totals
245.43 sq m
(2,642 sq ft)
£21,500
(1) For the year ending 30th Septmeber 2010 Thomas Cook Group UK Limited reported a total net worth of £718,887,000. (Source: www.riskdisk.com 18/04/2012) (2) The lease provides for a tenant’s option to determine on 1st October 2016. (3) The lease is subject to a Schedule of Condition. (4) On 4th October 2011 Thomas Cook Group, The Co-Operative Travel and Midlands Co-Operative established a joint venture to combine their UK High Street travel and foreign exchange businesses, creating the UK’s largest travel retailer with around 1,200 branches across England, Scotland, Wales and Northern Ireland.
