Hébergement
La propriété a été mesurée par les plans d'étage BKR et offre les superficies intérieures nettes suivantes :
Façade nette | 8.38 m | 27?6? |
Façade brute | 10.13 m | 33?3? |
Zone A | 58,62 m² | 631 pieds carrés |
ZoneB | 50.17 sq m | 540 sq ft |
ZoneC | 56.58 sq m | 609 sq ft |
Reste | 90.48 sq m | 974 sq ft |
ITZA | 1,175 | |
Rez-de-chaussée total | 255.85 sq m | 2,754 sq ft |
Premier étage | 51.84 sq m | 558 pieds carrés |
Total | 307.68 sq m | 3,312 sq ft |
A set floor plan is available to download, and the measured survey report will be re-addressed to a purchaser at a cost of £530 + VAT.
Mandat
Intérêt à bail emphytéotique pour une durée commençant à la date d'achèvement et expirant le 28e 21 décembre 2187 (environ 163 ans restants) à un prix dérisoire.
Location
Le rez-de-chaussée est loué à WH Smith Retail Holdings Limitée on a full repairing and insuring lease for a term of 5 years from 26e July 2024, expiring on 25e July 2029. There is a tenant?s break option on 26e July 2027, subject to six months? notice.
Le loyer de passage est £33,500 per annum.
The tenant has been in occupation since 1907 (118 years) and signed a new lease in July 2024, demonstrating their commitment to this location. The rent was previously £45,000 per annum so has been re-based.
The residential flat on the second floor is not included in the sale.
Engagement
WH Smith Retail Holdings Limited (Company Number 471941) has reported the following figures:
31 août 2023 | 31 août 2022 | |
Revenu | £218,500,000 | 191 656 000 £ |
Bénéfices (pertes) avant impôt | -£97,759,000 | -40 783 000 £ |
Actif net | £752,124,000 | 848 640 000 £ |
The ultimate parent company is WH Smith Plc, a leading global retailer for news, books and convenience made up of two core business ? Travel and High Street. WHSmith Travel operates over 580 stores in a wide range of locations including airports, hospitals, train stations and motorway service areas. WHSmith High Street has an extensive reach with over 520 stores across the UK, and a presence on nearly every significant UK high street, mainly in prime locations. Their retail offering includes a wide range of products in the following categories: Stationery (including greeting cards, general stationery, art and craft, and gifting), News and Impulse (including newspapers, magazines, confectionery and drinks) and Books. For further information see www.whsmithplc.co.uk.
T.V.A.
The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC) subject to compliance with the provisions in the sale contract.
Proposition
On nous demande de chercher un chiffre de 295 000 £, (Two Hundred and Ninety-Five Thousand Pounds) subject to contract, reflecting a net initial yield of 11.0% assuming purchaser?s costs of 3.24%.
Please note that a purchaser will be re-charged the costs of the measured survey (£530 +VAT) and searches (£1,172.00) which are provided in the data room.
Veuillez noter qu'un acheteur se verra facturer des frais de transaction de 1,01 TP3T du prix d'achat plus la TVA.
Considérations d'investissement
La propriété est située dans un endroit aisé de la ceinture de banlieue de Londres ;
The property occupies a prime retailing pitch in the heart of the town centre and at the entrance to the Garden Square Shopping Centre;
Securely let to WH Smith Retail Holdings Limited (Net Assets £752 million);
New lease from July 2024;
Loyer rebasé ;
The tenant has been in occupation since 1907 (118 years) and signed a new lease, demonstrating their commitment to the property;
Grandeur de terrain attrayante pour un investisseur;
Rendement initial net attractif.