Boots the Chemist 61 Station Road New Milton Hampshire BH25 6HY

Boots the Chemist
61 Station Road
New Milton
Hampshire
BH25 6HY

Freehold Retail Investment

Entirely let to Boots UK Limited until 2022 (subject to option)
Approximately 666.35 sq m (7,173 sq ft)
Prominent corner position on prime town centre retail thoroughfare
Nearby occupiers include NatWest Bank, Vision Express, British Heart Foundation, Bath Travel and Morrisons Supermarket
By order of Trustees

Lot
9
Auction
21st October 2010
Rent
£69,000 per Annum Exclusive
Status
Sold
Price
£1,061,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail Investment

Entirely let to Boots UK Limited until 2022 (subject to option)
Approximately 666.35 sq m (7,173 sq ft)
Prominent corner position on prime town centre retail thoroughfare
Nearby occupiers include NatWest Bank, Vision Express, British Heart Foundation, Bath Travel and Morrisons Supermarket
By order of Trustees

Lot 9
Auction 21st October 2010
Rent £69,000 per Annum Exclusive
Status Sold
Price £1,061,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 12 miles east of Bournemouth, 21 miles south west of Southampton
Roads: A337, A35, M27, M3
Rail: New Milton Railway Station (direct to London Waterloo)
Air: Bournemouth International Airport

Situation

The property is situated in a prominent position at the corner of Ashley Road and Station Road, the town's principal retail thoroughfare. Nearby occupiers include NatWest Bank, Vision Express, British Heart Foundation, Bath Travel and Morrisons Supermarket.

Tenure

Freehold.

Location

Miles: 12 miles east of Bournemouth, 21 miles south west of Southampton
Roads: A337, A35, M27, M3
Rail: New Milton Railway Station (direct to London Waterloo)
Air: Bournemouth International Airport

Situation

Tenure

Freehold.

Description

The property comprises a GROUND FLOOR RETAIL UNIT with ancillary and storage accommodation on the first floor. The property also benefits from rear loading access via Ashley Road and the use of eight parking spaces. Please note that the whole of the car park is included in the sale, subject to rights in perpetuity granted for the benefit of the owners of Nos 63-71 Station Road inclusive.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground Ground First	Retail Ancillary Ancillary/Storage	339.75 sq m 21.60 sq m 305.00 sq m	(3,657 sq ft) (233 sq ft) (3,283 sq ft)	BOOTS UK LIMITED (1)	15 years from 25/12/2007 until 24/12/2022 on a full repairing and insuring lease (2)	£69,000	25/12/2012 and 25/12/2017
Totals		666.35 sq m	(7,173 sq ft)			£69,000

(1) For the year ending 31st March 2009, Boots UK Limited reported a turnover of £6,083,000,000, pre-tax profits of £287,200,000 and a total net worth of £89,400,000. (Source: www.riskdisk.com 20/09/2010)(2) Please note, under the terms of the lease the tenant has an option to determine on 25th December 2017 on giving six months’ prior written notice.