Total Commercial Area 1,037.21 sq m (11,165 sq ft) (3)We understand that the tenant has been in occupation since 2003. Term
10 years from 25th October 2011with a rent review in 2016
5 years from 9th September 2010
Total Rent
Rent £ p.a. £50,000
£8,950 £58,950
(1) Areas provided by the Vendor. (2) Iceland Foods Limited for the year to 03/11, reported a turnover of £2.3 billion, pre-tax profits of £168 million and a net worth of £240 million. (Source: One Source One-Stop Report)
Description SUPERMARKET arranged on the ground and part first floors with SELF-CONTAINED OFFICES arranged on part first floor with on-site parking for about 13 cars, accessed from Church Road.
Tenure Freehold.
VAT is not applicable to this lot.
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 £58,950 pa
Prominent Freehold Supermarket and Office Investment in Popular Essex Town
• Predominantly let to Iceland Foods Limited
• New 10 year supermarket lease from October 2011 (No breaks)
• Self-contained offices above
• VAT- free investment and 6Week 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 Rooks Rider. t: 0207 689 7000. e: ashalet@rooksrider.co.uk Ref: A Shalet Esq.