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  • House prices are falling in England, there are still some areas where prices are increasing. Extreme caution is required in the UK residential market.
  • Scotland is still seeing property prices rise, though at a much slower rate.
  • Blue chip investments fell heavily in value during the first quarter and now represent good value.

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Home / Property Stock Market / England / Income Producing

Uk004 - Blue Chip Commercial Property Investment


Uk004
Launch details
Launched
March 2009
Issue Price
TBA
Property Value
£5,000,000
Shares Issued
250,000
Equity Per Share
0.0004%
Key Points
  • Long FRI Leases
  • Blue Chip Tenants
  • £277,500.00 Rent P.A
  • Abbey National Plc Main Tenant
  • Development Opportunity
  • Top 15 Shopping Centre Locations in the S.E
  • Invest Through SIPPS
  • Invest Through SSAPS
Shares Available sold out
Share Price Launching Soon   
Commission (2.5%) TBA
Total Share Price TBA
Property Value TBA Up 0%
Equity Per Share 0.0004%


Synopsis

Probably the first time that small to medium investors have been offered the opportunity to invest in a "blue chip" commercial investment. Usually reserved for Institutions and large property companies Ftsie.com is proud to be the first to offer this type of investment to the public.

66-68 South Street, Romford is a prime commercial investment, let on long leases at a combined rent of £277,500 to Abbey National Plc and Stylo Barratt Properties Ltd trading as Priceless Shoes

Situated in Romford, the largest town centre in East London and one of the top 15 shopping centres in the south East. This property is sure to show good rental growth, and combined with the low purchase price due to the depressed market investors should see high capital growth.

In addition, there is an opportunity to develop the rear of the site. This development should produce 1,700 sq ft of ground floor retail together with 2,700 sq ft of offices. (subject to planning being granted)

Tenure and Tenancy

UnitTenantsRent paUseTermComments
66 South StreetStylo Barratt Properties Ltd T/A Priceless Shoes£115,000A121 Years FRI from 15/07/935 Yearly upward only rent reviews
68 South Street Ground and part first floorAbbey National Plc£135,000A225 Years FRI from 24/06/895 Yearly upward only rent reviews
68 South Street First floorAbbey National Plc£27,500A223 Years FRI from 25/12/91None

Covenant Information

Stylo Barratt Properties Ltd

Stylo Barratt Properties Ltd is a wholly owned subsidery of Stylo Plc. Currently operating out of nearly 200 stores accross the United Kingdom and Ireland, Barratts is the UK's second largest independant shoe retailer.

Stylo Barratt Properties Ltd (co no 00657595) reported a £36,196,000 turnover with a £4,554,000 Pre tax profit and £37,520,000 of shareholder funds in their 03/02/07 audited accounts.

Abbey National Plc

Santander acquired Abbey National in November 2004. Santander is the seventh largest financial group in the world by profit. Based in Spain the company operates from 40 countries and has 69 million customers. santander is the largest branch network of any international bank, with over 10,800 branches and 150 years of experience in banking

Abbey National Plc (co no 02294747) reported a £6,796,000,000 turnover with a £428,000,000 Pre tax profit and £2,699,000,000 of shareholder funds in their 31/12/06 audited accounts.


Location - AWAITING LAUNCH - LAUNCH DUE IN March 2009
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