5 - 7a Salisbury Street Blandford Forum Dorset DT11 7AU

5 - 7a Salisbury Street
Blandford Forum
Dorset
DT11 7AU

Freehold Retail and Office Investment

Let to Bournemouth Coffee Company Limited t/a Costa Coffee
Attractive and affluent Georgian market town
Nearby occupiers include Boots the Chemist, Thorntons, Iceland, WH Smith and Barclays Bank
Residential development potential (subject to consents)

Lot
4
Auction
7th December 2017
Rent
£42,500 per Annum Exclusive
Status
Sold
Price
£490,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Trustees

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Freehold Retail and Office Investment

Let to Bournemouth Coffee Company Limited t/a Costa Coffee
Attractive and affluent Georgian market town
Nearby occupiers include Boots the Chemist, Thorntons, Iceland, WH Smith and Barclays Bank
Residential development potential (subject to consents)

Lot 4
Auction 7th December 2017
Rent £42,500 per Annum Exclusive
Status Sold
Price £490,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Trustees

Property Information

Location

Miles: 14 miles north-west of Poole, 19 miles north-west of Bournemouth, 24 miles south-west of Salisbury
Roads: A31, A35, A350, A354
Rail: Poole Railway Station
Air: Bournemouth Airport

Situation

Blandford Forum is an affluent and attractive Georgian market town. The property is prominently situated on the west side of Salisbury Street, close to its junction with Market Place in the heart of the town centre. Nearby occupiers include Boots the Chemist, Thorntons, Iceland, WH Smith and Barclays Bank.

Tenure

Freehold.

Location

Miles: 14 miles north-west of Poole, 19 miles north-west of Bournemouth, 24 miles south-west of Salisbury
Roads: A31, A35, A350, A354
Rail: Poole Railway Station
Air: Bournemouth Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on first floor at the rear of the property. The first floor (front) and second floor comprise self-contained office accommodation and are accessed via a dedicated entrance from Salisbury Street. In addition, there is a small parcel of land towards the rear of the property which does not form part of the Bournemouth Coffee Co. lease.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
5 7A	Ground First (Rear) First (Front) Second (Front)	Retail Ancillary Office Office	214.97 sq m 51.37 sq m 121.79 sq m 71.90 sq m	(2,314 sq ft) (553 sq ft) (1,311 sq ft) (774 sq ft)	BOURNEMOUTH COFFEE COMPANY LIMITED (1) t/a Costa Coffee (2)	10 years from 09/07/2010	£42,500	08/07/2020
Totals			470.03 sq m	(4,952 sq ft)			£42,500

(1) Bournemouth Coffee Co is a franchisee of Costa Coffee.
(2) Costa Coffee is part of the Whitbread Group and is the largest and fastest growing coffee shop chain in the UK (Source: www.costa.co.uk 9/11/2017).