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
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.
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
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.
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.
