Prominent position on prime pedestrianised retailing thoroughfare
Diagonally opposite The Marlowes Shopping Centre
Nearby occupiers include WH Smith,Tesco Express, Lloyds TSB, Boots the Chemist and Dorothy Perkins
Six Week Completion
Lot 9
Auction 11th July 2013
Rent £110,000 per Annum Exclusive
Status Sold
Price £1,115,000
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On the instructions of Joint Administrators at BDO LLP
Property Information
Location
Miles
7 miles west of St Albans, 16 miles north-west of High Wycombe, 23 miles north of Central London
Roads
A41, M1 (Junction 8), M25
Rail
Hemel Hempstead Rail (26 mins to London Euston)
Air
Heathrow Airport, Luton Airport
Situation
The property is situated on the western side of the pedestrianised Marlowes, one of the town’s prime retailing thoroughfares. The property is situated diagonally opposite The Marlowes Shopping Centre which houses retailers such as Marks & Spencer, New Look, River Island, Topshop and Carphone Warehouse. Other nearby occupiers include WH Smith, Tesco Express, Lloyds TSB, Boots the Chemist and Dorothy Perkins.
Tenure
Freehold.
Location
Miles
7 miles west of St Albans, 16 miles north-west of High Wycombe, 23 miles north of Central London
Roads
A41, M1 (Junction 8), M25
Rail
Hemel Hempstead Rail (26 mins to London Euston)
Air
Heathrow Airport, Luton Airport
Situation
The property is situated on the western side of the pedestrianised Marlowes, one of the town’s prime retailing thoroughfares. The property is situated diagonally opposite The Marlowes Shopping Centre which houses retailers such as Marks & Spencer, New Look, River Island, Topshop and Carphone Warehouse. Other nearby occupiers include WH Smith, Tesco Express, Lloyds TSB, Boots the Chemist and Dorothy Perkins.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with storage and ancillary accommodation on the first floor.
Note:
This property is being marketed for sale on behalf of Shay Bannon and Sarah Megan Rayment of BDO LLP, the Joint Administrators of Catermatter Limited (in administration) 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 Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Administrator 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
The property comprises a ground floor retail unit with storage and ancillary accommodation on the first floor.
Note:
This property is being marketed for sale on behalf of Shay Bannon and Sarah Megan Rayment of BDO LLP, the Joint Administrators of Catermatter Limited (in administration) 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 Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Administrator 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.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground First
Retail Storage/Ancillary
300.07 sq m 330.08 sq m
(3,230 sq ft) (3,553 sq ft)
SUPERDRUG STORES PLC (1)
10 years from 24/06/2010 until 23/06/2020
£110,000
24/06/2015
Totals
630.15 sq m
(6,783 sq ft)
£110,000
(1) For the year ending 31st December 2011, Superdrug Stores plc reported a turnover of £1,049,128,000, pre-tax profits of £5,517,000 and a total net worth of £124,652,000. (Source: www.riskdisk.com 10/06/2013)
