高收益市中心零售投资

已交换

莱斯大道 21 号

|莱奇沃斯花园城市

| SG6 3个

295,000

以合同为准

概括

伦敦通勤带内的富裕地段
花园广场购物中心入口处的黄金零售摊位
Let to WH Smith Retail Holdings Ltd (Net Assets £752m)
2024 年 7 月起的新租约
重新调整租金
租户自 1907 年起入住
£295,000, subject to contract
11.0% 净初始收益率

地点

莱奇沃思是北赫特福德郡的一个富裕小镇，位于伦敦通勤带内。该镇位于伦敦以北约 62 公里（39 英里）、斯蒂夫尼奇以北 11 公里（7 英里）、卢顿东北 21 公里（13 英里）、剑桥西南 47 公里（29 英里）。

The town benefits from excellent road communications, being situated adjacent to the A1(M) which provides a direct link to the M25 Motorway (South Mimms) approximately 40 km (25 miles) to the south. The A505 provides east-west communications to Cambridge and Luton. In addition, the town is connected to the national rail network with a fastest journey time to London King’s Cross and Cambridge of 36 minutes and 28 minutes respectively. London Luton Airport is approximately 21 km (13 miles) to the south-west.

Letchworth is the world’s first Garden City and popular with commuters given its proximity to London and Cambridge.

情况

该物业位于市中心莱斯大道 (Leys Avenue) 的显著位置，毗邻花园广场购物中心 (Garden Square Shopping Centre)（见下文的重建项目）。

Letchworth train station is a couple of minutes’ walk to the north-west.

With two principal malls, Commerce Way and Central Approach linked by a central square, Garden Square Shopping Centre forms part of the main pedestrian thoroughfare for Letchworth. The Centre comprises 175,000 sq ft of retail and leisure accommodation, along with a 400-space car park. Retailers include, Iceland, Home Bargains, New Look, Superdrug, WHSmith, EE and Poundland.

花园广场重建

花园广场购物中心重建第一期工程已于 2020 年竣工。

该项目包括对 Commerce House 的全面重建、对 23-25 Leys Avenue 的拆除重建以及在 WHSmith 附近的 Leys Square 上新建大楼，目前提供 46 套高品质的一居室和两居室公寓，一楼设有两个新的零售单元，可享受花园广场入口处新建公共空间的宽阔回流面。

目前正就下一阶段的开发进行磋商，该阶段将再提供约 200 套住宅公寓。

描述

该物业包括一楼零售单元，租户按照其惯常的公司风格进行装修。二楼提供员工/辅助住宿。

二楼包括一套三居室住宅公寓，不包含在出售范围内。

住宿

该房产已根据 BKR 平面图进行测量，并提供以下净内部建筑面积：

净临街面	8.38米	27’6”
总临街面积	10.13米	33’3”
A区	58.62平方米	631 平方英尺
B区	50.17 平方米	540 平方英尺
C区	56.58 平方米	609 平方英尺
余	90.48 平方米	974 平方英尺
伊察		1,175
一楼总面积	255.85 平方米	2,754 平方英尺

第一层	51.84 平方米	558 平方英尺

全部的	307.68 平方米	3,312 平方英尺

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.

任期

长期租赁权益，期限从完成之日起至 28^th 2187 年 12 月（还剩约 163 年），租金极低。

租赁

底层出租给 万洲史密斯零售控股有限公司 自 26 日起，为期 5 年的全面维修和保险租赁^th 2024 年 7 月 25 日到期^th July 2029. There is a tenant’s break option on 26^th July 2027, subject to six months’ notice.

现行租金为 £33,500 per annum.

租户自 1907 年（118 年）起就一直占用该物业，并于 2024 年 7 月签署了一份新的租约，表明了他们对该位置的承诺。 The rent was previously £45,000 per annum so has been re-based.

二楼的住宅单位不包含在出售内。

盟约

WH Smith Retail Holdings Limited（公司编号 471941）报告了以下数据：

	2023 年 8 月 31 日	2022 年 8 月 31 日
收入	£218,500,000	£191,656,000
税前利润（亏损）	-£97,759,000	-£40,783,000
净资产	£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.

增值税

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.

提议

我们被指示寻找一个数字 £295,000，（二十九万五千英镑）以合同为准，反映净初始收益率 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.

请注意，购买者将被收取购买价格 1.0% 的交易费加上增值税。