retail investment - Realla
RETAIL INVESTMENT FOR SALE 10A, BATH ROAD, THATCHAM WEST BERKSHIRE, RG18 3SX 3,508 SQ FT (325.89 SQ M)
LET UNTIL 2017, COULD BE OWNER OCCUPIED THEREAFTER
SITUATION The property is located on the A4 (Bath Road), Thatcham. The retail centre of Thatcham is a five-minute walk away. Thatcham is located to the east of Newbury and 4 and 10 miles respectively from Junctions 12 & 13 of the M4 motorway. DESCRIPTION The property comprises a single storey building constructed of brick, clad in profiled metal. The property was modified by American golf to include the internal layout which now includes main retail area, WC's, office/storeroom and kitchen area. The property has its own off-road parking to the front and side, with parking for approximately 8-10 cars. ACCOMMODATION Sq. M. 325.90
Total
Sq. Ft 3,508
ENERGY PERFORMANCE CERTIFICATE This property has an EPC rating of C and a score of 61. COVENANT INFORMATION The property is let to American Golf Discount Centre Ltd for a term of 15 years from 2002. Expiring 2017. The rent passing is £40,000 per annum exclusive. American Golf have indicated that they would renew on similar terms. 27th July 2014 £
27th Jan 2013 £
29th Jan 2012 £
Sales Turnover
149,150,000
97,336,000
93,518,000
Profit/ (Loss)
753,000
n/a
6,133,000
18,407,000
15,867,000
before taxes Tangible Net Worth 18,960,000
PROPOSAL
LEGAL COSTS
The property is available on a freehold basis with the benefit of the lease to American Golf Discount Centre Ltd.
Each party is to bear their own costs.
We are instructed to seek £710,000 (Seven Hundred and Ten Thousand Pounds), which would show a net initial yield of 5.32% assuming purchasers costs of 5.8%.
Contact Shane Prater on 01635 262510 or Email: [email protected]
VIEWING
September 15
LET UNTIL 2017, COULD BE OWNER OCCUPIED THEREAFTER
SITUATION The property is located on the A4 (Bath Road), Thatcham. The retail centre of Thatcham is a five-minute walk away. Thatcham is located to the east of Newbury and 4 and 10 miles respectively from Junctions 12 & 13 of the M4 motorway. DESCRIPTION The property comprises a single storey building constructed of brick, clad in profiled metal. The property was modified by American golf to include the internal layout which now includes main retail area, WC's, office/storeroom and kitchen area. The property has its own off-road parking to the front and side, with parking for approximately 8-10 cars. ACCOMMODATION Sq. M. 325.90
Total
Sq. Ft 3,508
ENERGY PERFORMANCE CERTIFICATE This property has an EPC rating of C and a score of 61. COVENANT INFORMATION The property is let to American Golf Discount Centre Ltd for a term of 15 years from 2002. Expiring 2017. The rent passing is £40,000 per annum exclusive. American Golf have indicated that they would renew on similar terms. 27th July 2014 £
27th Jan 2013 £
29th Jan 2012 £
Sales Turnover
149,150,000
97,336,000
93,518,000
Profit/ (Loss)
753,000
n/a
6,133,000
18,407,000
15,867,000
before taxes Tangible Net Worth 18,960,000
PROPOSAL
LEGAL COSTS
The property is available on a freehold basis with the benefit of the lease to American Golf Discount Centre Ltd.
Each party is to bear their own costs.
We are instructed to seek £710,000 (Seven Hundred and Ten Thousand Pounds), which would show a net initial yield of 5.32% assuming purchasers costs of 5.8%.
Contact Shane Prater on 01635 262510 or Email: [email protected]
VIEWING
September 15
