2/4 Chipstead Valley Road Coulsdon, Surrey CR5 2RA
Location Estimated District Population: 330,000 Miles: 5 miles north of M25 6 miles south of Croydon 14 miles south of Central London
Roads: A23, M23, M25
Position The property is located in a prominent location on Chipstead Valley Road, at its junction with Brighton Road (A23) in the heart of the town’s retail facilities.
Nearby: Waitrose, Boots the Chemist, Caffè Nero, William Hill, Barclays, HSBC and Santander banks
Description LARGE SHOP/CONVENIENCE STORE arranged on the ground, basement and first floor.
Tenure Freehold.
Tenant TESCO STORES LIMITED (1)
Lease Term: 20 years from 7th December 2009 Basis: FRI (2) Rent: £48,500 per annum Reviews: RPI increases in 2014 and 5 yearly thereafter (capped at 4% pa and a minimum of 1% pa)
Expiry: December 2029 (3) VAT is not applicable to this lot
Present Accommodation (approximate areas) Floor
Accommodation
Ground Basement First
Sales/Ancillary Ancillary Ancillary (Disused – not inspected)
Total Commercial Area Net Internal Areas
321.43 sq m 217.85 sq m –
539.28 sq m
(2) Please note that there is a schedule of condition in relation to the first floor – please see legal documentation. (3) Please note that the lease incorporates a tenant’s option to break in 2019 – please see legal documentation.
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Hamlins LLP. t: 0207 355 6024. e: mhurst@hamlins.co.uk Ref:MHurst Esq.
15
(3,460 sq ft) (2,345 sq ft) (–)
(5,805 sq ft)
(1) Trading as Tesco Express, who for the year to 02/10 reported a turnover of £38.7 billion, pre-tax profits of £2.4 billion and total assets of £18.6 billion. (Source: One Source One-Stop Report)
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan
Rent £48,500 pa
Prominent Freehold Convenience Store Investment • Let to Tesco Stores Limited
• Lease expires December 2029 (subject to option)
• RPI increases at rent reviews
• VAT- free investment and 5Week Completion available