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
Location Estimated Resident Population: 33,000 Miles: 22 miles south-west of Reading 27 miles south of Oxford 27 miles south-east of Swindon
Roads: A4, A34, A339, M4
Position The property is located in a prominent location on Cheap Street, close to its junction with the pedestrianised Market Place and opposite The Kennet Shopping Centre.
Nearby: Vue Cinema, Peacocks, Prezzo, Post Office, Poundland, Superdrug, Pizza Express and Barclays Bank
THE CHANCELLORS GROUP OF ESTATE AGENTS LIMITED (2)
ABACUS EMPLOYMENT SERVICES LIMITED (3)
Term
10 years from 10th May 2005
6 years from 9th December 2006
Total Rent
Rent £ p.a. £19,000
£15,250 £34,250
(1) Areas provided by the Vendor. (2) Trading as Chancellors, a chain of estate agents with a network of over 45 branches, who for the year to 12/10 reported a turnover of £16.4 million, pre-tax profits of £1.6 million and total assets of £7.3 million. (Sources: One Source One-Stop Report and www.chancellors.co.uk)
(3) Abacus Employment Services Limited have 6 branches in the south, who for the year to 09/10, reported a pre-tax profit of £400,000 and total assets of £2.2 million. (Sources: One Source One-Stop Report and www.abacus-employment.com)
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 Rice Jones & Smith. t: 0207 831 2506. e: sh@londonrjs.co.uk Ref: S Hayward Esq.
Description SHOP/ESTATE AGENT arranged on the ground and part first floors and SELF-CONTAINED OFFICES arranged on the part first and second floors, with access from Cheap Street.
Tenure Freehold.
VAT is not applicable to this lot.
Rent £34,250 pa
Freehold Retail and Office Investment in Popular Berkshire Town
• Let to The Chancellors Group of Estate Agents Limited and Abacus Employment Services Limited
• Leases expire May 2015 and December 2012
• Asset management opportunities and change of use potential (subject to leases and consents)
• Popular and affluent Berkshire market town
• VAT- free investment and 30Working Day Completion available