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 £95,000 pa
ON THE INSTRUCTIONS OF THE METROPOLITAN POLICE FRIENDLY SOCIETY LIMITED
Prime Freehold Retail Investment • Let to Holland & Barrett Retail Limited • Lease expires September 2022
• Prominent pedestrianised retail location in popular Essex town
• 30Working Day Completion available
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 Stafford Young Jones. t: 0207 623 9490. e: gastonm@s-yj.co.uk Ref:MGaston Esq. Joint Auctioneer Michael Rogers LLP. t: 01737 230777. e: john.hamling@michaelrogers.co.uk Ref: J Hamling Esq.
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Location Estimated District Population: 160,000 Miles: 12 miles south-east of Basildon 20 miles south-east of Chelmsford 41 miles south-west of Colchester
Roads: A13, A127, M25
Position The property is located in a prominent location on the pedestrianised High Street, the town’s principal retailing thoroughfare close to its junction with Queens Road.
Nearby: Boots the Chemist,WH Smith, New Look, Top Shop/Top Man, Superdrug, Burton, McDonald’s, Burger King, Starbucks and branches of the main banks and building societies
Present Accommodation (approximate areas) Floor
Accommodation
Ground First Second
Sales/Ancillary Ancillary Ancillary
Total Commercial Area
Description SHOP arranged on the ground, first and second floors.
Tenure Freehold.
Tenant HOLLAND & BARRETT RETAIL LIMITED (1)
Lease Term: 20 years from 29th September 2002 Basis: FRI Rent: £95,000 per annum Reviews: 2012 and 2017 Expiry: September 2022
VAT is applicable to this lot – please see Special Conditions of Sale
Net Internal Areas
173.72 sq m 55.74 sq m 73.85 sq m
303.31 sq m
(1,870 sq ft) (600 sq ft) (795 sq ft)
(3,265 sq ft)
(1) Trading as Holland & Barrett, who for the year of 09/10 reported a turnover of £275.6 million, pre-tax profit of £47.7 million and total assets of £497.7 million. (Source: One Source One-Stop Report)