Prominent Freehold Retail Investment • Let to Martin McColl Limited • Lease expires September 2016
• Double fronted shop within shopping precinct
• VAT- free investment and 6Week Completion Available
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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 Harold Benjamin Solicitors. t: 0208 872 3033. e: vijay.parikh@haroldbenjamin.com Ref: V Parikh Esq.
Present Accommodation (approximate areas) Floor
Accommodation
Ground First
Sales/Ancillary Residential – understood to comprise 3 Rooms, Kitchen, Bathroom/WC
Total Commercial Area
Position The property is located in a prominent position within Millbrook Square, a busy retail precinct located off Main Street, in the heart of Grove, about 3 miles north of Wantage.
Nearby: Tesco Express and Lloyds TSB Bank.
Description SHOP arranged on the ground floor together with a self- contained flat arranged on the first floor and a garage to the rear.
Tenure Freehold.
Tenant MARTIN MCCOLL LIMITED (1)
Lease Term: 25 years from 29th September 1991 Basis: FRI Rent: £33,000 per annum Expiry: September 2016
VAT is not applicable to this lot. Net Internal Areas
278.70 sq m –
278.70 sq m
(3,000 sq ft) (–)
(3,000 sq ft)
(1) t/a McColl’s, who for the year to 11/10 reported a turnover of £348.5 million, pre-tax profits of £17.2 million and total assets of £597 million. (Source: One Source One-Stop Report)