17/18 St Edmund Street Weymouth Dorset DT4 8AR

17/18 St Edmund Street
Weymouth
Dorset
DT4 8AR

Freehold Retail and Residential Investment

Let to Southern Co-Operatives Ltd with 16 years unexpired
Popular south coast tourism and retailing centre
Nearby occupiers include Holland & Barrett, Next Retail Ltd, Vodafone Retail Ltd, Halifax Bank and Iceland
Large residential upper floors with planning consent to convert into 3 flats

Lot
27
Auction
22nd May 2014
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail and Residential Investment

Let to Southern Co-Operatives Ltd with 16 years unexpired
Popular south coast tourism and retailing centre
Nearby occupiers include Holland & Barrett, Next Retail Ltd, Vodafone Retail Ltd, Halifax Bank and Iceland
Large residential upper floors with planning consent to convert into 3 flats

Lot 27
Auction 22nd May 2014
Status Withdrawn Post
Price
Sector
Supermarket/Convenience
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 37 miles south-east of Bournemouth,30 miles south of Yeovil, 56 miles east of Exeter
Roads: A30, A354, A37
Rail: Weymouth Railway Station
Air: Bournemouth International Airport (39 miles)

Situation

The property is situated in the heart of Weymouth’s retail area in close proximity to the coast and its main tourist attractions. It is a 0.5 mile walk from the Nothe Fort and 0.3 miles from Weymouth Marina.

Tenure

Freehold.

Location

Miles: 37 miles south-east of Bournemouth,30 miles south of Yeovil, 56 miles east of Exeter
Roads: A30, A354, A37
Rail: Weymouth Railway Station
Air: Bournemouth International Airport (39 miles)

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with large first, second and third floor residential accommodation with separate access from the front. Planning consent has been granted for conversion of the upper floors into 3 flats. Further details are available in the legal pack.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Retail	218.70 sq m	2,354 sq ft)	SOUTHERN CO-OPERATIVES LTD (1)	20 years 10 months from 22/06/2009 until 11/05/2030	£48,000	2015 and 5 yearly
First, Second and Third	Residential	Not Measured		INDIVIDUAL	Assured Shorthold Tenancy for 18 months from 01/08/2012 until 31/01/2014	£9,000	Holding Over
Totals		218.70 sq m	2,354 sq ft)			£57,000

(1) For the year ending 26/01/2013, Southern Co-Operatives Ltd reported a turnover of £303,106,000, pre-tax profits of £7,748,000 and a total net worth of £85,704,000. (Source: www.riskdisk.com 25/04/2014)