Entirely let to William Hill Organization Limited until 2028 (subject to option)
Occupied by tenant since 1970s (in part)
Prominent corner position in town centre
Approximately 2 miles from Stonehenge World Heritage Site
Nearby occupiers include HSBC, Barclays, Lloyds TSB and Johnsons Dry Cleaning
Six Week Completion Period Available
Lot 2
Auction 21st March 2013
Rent £22,125 per Annum Exclusive
Status Sold
Price £265,000
Sector High Street Retail
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
Property Information
Location
Miles
8 miles north of Salisbury, 30 miles north-east of Southampton, 35 miles south-east of Bath
Roads
A345, A303
Air
Bournemouth International Airport
Situation
The property is situated on the southern side of High Street in Amesbury town centre. Tidworth, Bulford and Pernham Down Garrison is less than 5 miles from the property and the Stonehenge World Heritage Site approximately 2 miles. HSBC lies immediately adjacent to the property with Johnsons Dry Cleaning and Barclays immediately opposite and Lloyds TSB also within close proximity.
Tenure
Freehold.
Location
Miles
8 miles north of Salisbury, 30 miles north-east of Southampton, 35 miles south-east of Bath
Roads
A345, A303
Air
Bournemouth International Airport
Situation
The property is situated on the southern side of High Street in Amesbury town centre. Tidworth, Bulford and Pernham Down Garrison is less than 5 miles from the property and the Stonehenge World Heritage Site approximately 2 miles. HSBC lies immediately adjacent to the property with Johnsons Dry Cleaning and Barclays immediately opposite and Lloyds TSB also within close proximity.
Tenure
Freehold.
Description
The property comprises two buildings, the ground floors of which have been combined to form one large retail unit. The first floor of No. 24 comprises plant accommodation also let to the retail tenant, whilst the first floor of No. 20-22 comprises a residential flat let on a long lease. The retail tenant has occupied 24 High Street since the 1970’s and expanded into the ground floor of the adjoining property (No. 20-22) in 2008 due to a requirement for more space. The property benefits from a car parking space to the rear included in the demise of the residential flat.
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 two buildings, the ground floors of which have been combined to form one large retail unit. The first floor of No. 24 comprises plant accommodation also let to the retail tenant, whilst the first floor of No. 20-22 comprises a residential flat let on a long lease. The retail tenant has occupied 24 High Street since the 1970’s and expanded into the ground floor of the adjoining property (No. 20-22) in 2008 due to a requirement for more space. The property benefits from a car parking space to the rear included in the demise of the residential flat.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
No.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/(Reversion)
20-22
Ground
Retail
59.25 sq m
(638 sq ft)
WILLIAM HILL ORGANIZATION LIMITED (1)
20 years from 14/03/2008 until 13/03/2028 on a full repairing and insuring lease (2)
£12,000
14/03/2013 (3) and five yearly
First/Second
Residential
Not Measured
INDIVIDUAL
999 years from 01/01/2007
£125
(31/12/3005)
24
Ground First
Retail Plant
70.04 sq m Not Measured
(757 sq ft)
WILLIAM HILL ORGANIZATION LIMITED (1)
20 years from 14/03/2008 until 13/03/2028 (2)
£10,000
14/03/2013 (3) and five yearly
Totals (Approx Ground Floor Area)
129.29 sq m
(1,395 sq ft)
£22,125
(1) William Hill is the UK’s leading bookmaker and one of the most recognised and trusted brands in the gambling industry, providing gaming and betting services across multiple channels: online, on the high street, on the phone and on the move. They have been listed on the London Stock Exchange (WMH.L) since 2002 and employ over 15,000 people. (Source: www.williamhillplc.com 20/02/2013) (2)The lease provides a tenant option to determine on the tenth anniversary of the term. (3)Notice has not been served.
Contacts
Seller's Solicitors
Forbes Wheater 3 Johnston Road Woodford Green Essex IG8 0XA
