Entirely let to Cancer Research UK until 2020 (no break)
Located on Queensway, Bletchley's prime retailing pitch
Nearby occupiers include Lloyds Pharmacy, The Post Office, Nationwide, Clinton Cards, Lloyds TSB and William Hill
Rent: subject to note 2
Six Week Completion Available
Lot 40
Auction 18th October 2012
Rent £13,900 per Annum Exclusive
Status Sold
Price £194,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
ON behalf of Joint LPA Receivers, Philip Matthews and Edward Starling, Wedlake Bell
Property Information
Location
Miles
4 miles south of Milton Keynes, 27 miles north-west of Hemel Hempstead, 55 miles north-west of London
Roads
A5, A421, M1, M40
Rail
Bletchley Mainline Station (41 minutes to London Euston)
Air
Luton Airport
Situation
The property is situated on the southern side of Queensway, Bletchley's principal retail thoroughfare, and benefits from nearby occupiers including Lloyds Pharmacy, The Post Office, Nationwide, Clinton Cards, Lloyds TSB and William Hill.
Tenure
Freehold.
Location
Miles
4 miles south of Milton Keynes, 27 miles north-west of Hemel Hempstead, 55 miles north-west of London
Roads
A5, A421, M1, M40
Rail
Bletchley Mainline Station (41 minutes to London Euston)
Air
Luton Airport
Situation
The property is situated on the southern side of Queensway, Bletchley's principal retail thoroughfare, and benefits from nearby occupiers including Lloyds Pharmacy, The Post Office, Nationwide, Clinton Cards, Lloyds TSB and William Hill.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first floor. The property also benefits from an area to the rear used for car parking.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first floor. The property also benefits from an area to the rear used for car parking.
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 First
Retail Ancillary
80.68 sq m 41.88 sq m
(868 sq ft) (451 sq ft)
CANCERRESEARCH UK(1)
8 years from 10/07/2012 until 09/07/2020 on a full repairing and insuring lease
£13,900 (2)
10/07/2016
Totals
122.56 sq m
(1,319 sq ft)
£13,900 (2)
(1) Cancer Research UK is the UK's leading cancer charity. They fund world-class research into all aspects of cancer, providing information and influencing public policy. Cancer Research UK run nearly 600 shops across the UK. (Source: www.cancerresearchuk.org 17/09/2012) (2) For the purposes of clarification, Cancer Research UK are currently benefitting from a rent free period due to expire on 10th January 2013. The seller has agreed to adjust the completion monies so that the retail unit will effectively produce £13,900 from completion of the sale.
Contacts
Seller's Solicitors
Lawrence Graham LLP 4 More Riverside London SE1 2AU
