Entirely let to C.E.X. Limited until 2020 (subject to option)
Prominent position on prime pedestrianised retailing thoroughfare. Diagonally opposite The Marlowes Shopping Centre
Nearby occupiers include WH Smith, Boots the Chemist and Dorothy Perkins
Six Week Completion
Lot 48
Auction 11th July 2013
Rent £52,500 per Annum Exclusive
Status Sold Post
Price
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/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 Administrators 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/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 Administrators 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 Storage/Ancillary
148.92 sq m 70.88 sq m
(1,603 sq ft) (763 sq ft)
C.E.X LIMITED (1)
10 years from 24/06/2010 until 23/06/2020 (2)
£52,500
24/06/2015
Totals
219.80 sq m
(2,366 sq ft)
£52,500
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 Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability. (1) For the year ending 30th June 2012, C.E.X. Limited reported a turnover of £77,543,142, pre-tax profits of £98,569 and a total net worth of £544,845. (Source: www.riskdisk.com 10/06/2013) (2) The lease provides a landlord only option to determine on the fifth anniversary of the term
