Ground Floor let to Tesco Stores Limited until 2020
Immediately adjacent to Railway Station.
200 metres from the major Lakeside Regional Shopping Centre
Includes car parking
Six Week Completion
Lot 32
Auction 17th October 2013
Rent £40,500 per Annum Exclusive
Status Sold
Price £580,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Miles
20 miles east of the City of London
10 miles south of Romford
2 miles north-east of Dartford Bridge
Roads
A13, M25 (Junction 30)
Rail
Chafford Hundred Railway Station (35 mins to London Fenchurch Street)
Air
London City Airport, London Southend Airport,
London Stansted Airport, London Gatwick Airport
Situation
Chafford Hundred is a popular London commuter town located in close proximity to Lakeside Retail Park. The property is situated on the west side of Fleming Road within Lakeside Business Village, immediately adjacent to Chafford Hundred Railway Station.
Nearby occupiers include Premier Inn and Bannatyne’s Health and Fitness. The major Lakeside Shopping Centre is located approximately 200 metres from the property.
Tenure
Freehold.
Location
Miles
20 miles east of the City of London
10 miles south of Romford
2 miles north-east of Dartford Bridge
Roads
A13, M25 (Junction 30)
Rail
Chafford Hundred Railway Station (35 mins to London Fenchurch Street)
Air
London City Airport, London Southend Airport,
London Stansted Airport, London Gatwick Airport
Situation
Chafford Hundred is a popular London commuter town located in close proximity to Lakeside Retail Park. The property is situated on the west side of Fleming Road within Lakeside Business Village, immediately adjacent to Chafford Hundred Railway Station.
Nearby occupiers include Premier Inn and Bannatyne’s Health and Fitness. The major Lakeside Shopping Centre is located approximately 200 metres from the property.
Tenure
Freehold.
Description
The property comprises a modern building with retail accommodation on the ground floor and self-contained office accommodation on the first floor. The retail unit benefits from 6 car parking spaces.
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 modern building with retail accommodation on the ground floor and self-contained office accommodation on the first floor. The retail unit benefits from 6 car parking spaces.
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
Retail
293.72 sq m
(3,161 sq ft)
TESCO STORES LIMITED (1)
20 years from 29 September 2000 until 2020
£40,500
29/09/2015
First
Office
Not Measured
STREAMADVICE LIMITED (2)
999 years from 24th June 2013 until 3012
Peppercorn
Totals
293.72 sq m
(3,161 sq ft)
£40,500
(1) For the year ending 25/02/2012, Tesco Stores Limited reported a turnover of £41,981,000,000, pre-tax profits of £2,126,000,000 and a total net worth of £6,894,000,000. (2) The tenant has sublet the property.
