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Status Withdrawn Post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
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.
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
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.
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)
Contacts
Seller's Solicitors
Bude Nathan Iwanier 1-2 Temple Fortune Parade, Bridge Lane London NW11 0QN
