125 - 131 Queensway Bletchley Milton Keynes Bedfordshire MK2 2DH

125 - 131 Queensway
Bletchley
Milton Keynes
Bedfordshire
MK2 2DH

Freehold Retail Parade Ground Rent Investment

Entirely let until 2088
Comprises three retail units with self-contained office accommodation
Rent reviews geared to 35.5% of open market rental value
Prominent corner position on prime retailing pitch
Nearby occupiers include Superdrug, Costa Coffee, Nationwide, Lloyds TSB and William Hill
On-site car parking
Six Week Completion Period Available

Lot
1
Auction
21st March 2013
Rent
£18,000 per Annum Exclusive
Status
Sold
Price
£365,000
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On behalf of Joint LPA Receivers, Philip Matthews and Edward Starling

Interested?

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Freehold Retail Parade Ground Rent Investment

Entirely let until 2088
Comprises three retail units with self-contained office accommodation
Rent reviews geared to 35.5% of open market rental value
Prominent corner position on prime retailing pitch
Nearby occupiers include Superdrug, Costa Coffee, Nationwide, Lloyds TSB and William Hill
On-site car parking
Six Week Completion Period Available

Lot 1
Auction 21st March 2013
Rent £18,000 per Annum Exclusive
Status Sold
Price £365,000
Sector
Ground Rent
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On behalf of Joint LPA Receivers, Philip Matthews and Edward Starling

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 northern side of Queensway, Bletchley’s principal retail thoroughfare, and benefits from nearby occupiers including Superdrug, Costa Coffee, The Post Office, Nationwide, 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

Tenure

Freehold.

Description

The property comprises three ground floor retail units with self-contained first floor office accommodation. The property benefits from on-site parking to the rear for approximately 8 cars.

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 information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries and inspection. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
125 127 - 129 131 125A - 131A	Ground Ground Ground First	Retail Retail Retail Office	123.51 sq m 126.32 sq m 53.37 sq m 285.11 sq m	(1,330 sq ft) (1,359 sq ft) (575 sq ft) (3,069 sq ft)	SABRECHANCE LIMITED (1) (2)	125 years from 24/06/1963 until 23/06/2088 on a full repairing and insuring lease	£18,000	24/06/2026 and 21 yearly thereafter (3)
Totals			588.31 sq m	(6,333 sq ft)			£18,000

(1) Sabrechance Limited is a registered Charity No. 290915. (Source: www.charitycommission.gov.uk 18/02/2013)
(2)The property has been sublet and the retail units are currently occupied by tenants trading as Lloyds Pharmacy, Bargain Booze and USA Top Nails.
(3)The rent is reviewed to 35.5% of the open market rental value of the property