15 The Quay Poole Dorset BH15 1HJ

15 The Quay
Poole
Dorset
BH15 1HJ

Harbourside Retail Investment

Let until 2026 (subject to option) on a new 10 year lease
Located in affluent and attractive coastal town
Situated on The Quay overlooking Europe’s largest natural harbour
Nearby occupiers include JD Wetherspoon, Tesco Express and a number of shops, bars, restaurants and museums
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
62
Auction
7th July 2016
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of a Major Fund Manager

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Harbourside Retail Investment

Let until 2026 (subject to option) on a new 10 year lease
Located in affluent and attractive coastal town
Situated on The Quay overlooking Europe’s largest natural harbour
Nearby occupiers include JD Wetherspoon, Tesco Express and a number of shops, bars, restaurants and museums
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 62
Auction 7th July 2016
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of a Major Fund Manager

Property Information

Location

Miles: 5 miles west of Bournemouth, 29 miles south-west of Southampton
Roads: A31, A35, M27
Rail: Poole Railway Station
Air: Southampton Airport

Situation

Poole is an attractive tourist coastal town located some 5 miles west of Bournemouth. The property is situated in a prominent location in the town centre on The Quay, a busy thoroughfare overlooking Europe’s largest natural harbour. The property is within a short walk of Dolphin Quays Shopping Centre, the Thistle Hotel and Sunseeker Wharf (home to Sunseeker Yachts), with other nearby occupiers including JD Wetherspoon, Tesco Express and a number of boutiques, bars and restaurants.

Tenure

Virtual Freehold. Held from Poole Quay Residents Company for a term of 999 years from 1st January 2001 at a peppercorn rent.

Location

Miles: 5 miles west of Bournemouth, 29 miles south-west of Southampton
Roads: A31, A35, M27
Rail: Poole Railway Station
Air: Southampton Airport

Situation

Tenure

Virtual Freehold. Held from Poole Quay Residents Company for a term of 999 years from 1st January 2001 at a peppercorn rent.

Description

The property comprises a ground floor retail unit, currently being fitted out to include a small café area.

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, currently being fitted out to include a small café area.

VAT

VAT is 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 GIA)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground	Retail	660.07 sq m	(7,105 sq ft)	TITAN LEATHERCRAFT LTD (1) WITH PERSONAL GUARANTEE	10 years from 08/03/2016 on a full insuring and repairing lease (2)	£60,000 (4)	08/03/2021 (07/03/2026)
Total		660.07 sq m	(7,105 sq ft)			£60,000

(1) Titan Leathercraft is a family run business specialising in personalised leather goods and gifts (Source: www.titanleathercraft.com 21/04/2016).
(2) The lease provides an option to determine on 8th March 2021.
(3) For the purposes of clarification, Titan Leather Ltd is currently benefiting from a rent free period. The rent will increase to £30,000 pa from 8th September 2016 and to £60,000 pa from 8th March 2017. The seller has agreed to adjust the completion monies so that the unit will effectively produce £60,000 p.a.x. from completion of the sale.