Ground floor let on a new 5 year lease (subject to option)
Attractive Dorset Town
Nearby occupiers include Lloyds Bank and a number of independent retailers
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 60
Auction 8th December 2016
Rent £7,125 per Annum Exclusive
Status Sold
Price £104,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
23 miles north-west of Bournemouth, 31 miles south of Bath, 40 miles east of Southampton
Roads
A37, A350
Air
Bournemouth Airport
Situation
The property is located on the eastern side of Market Cross, close to its junction with Ricketts Lane, in the heart of Sturminster Newton town centre. Nearby occupiers include Lloyds Bank and a
number of independent cafés, restaurants and retailers. Church Street and Station Road car parks are located nearby.
Tenure
Freehold.
Location
Miles
23 miles north-west of Bournemouth, 31 miles south of Bath, 40 miles east of Southampton
Roads
A37, A350
Air
Bournemouth Airport
Situation
The property is located on the eastern side of Market Cross, close to its junction with Ricketts Lane, in the heart of Sturminster Newton town centre. Nearby occupiers include Lloyds Bank and a
number of independent cafés, restaurants and retailers. Church Street and Station Road car parks are located nearby.
Tenure
Freehold.
Description
The property comprises a ground floor café with a self contained flat at first floor which has been let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor café with a self contained flat at first floor which has been let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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
Café/Ancillary
63.46 sq m
(683 sq ft)
INDIVIDUAL (t/a Debbies Café) (1)
5 years from 05/10/2016 until 04/10/2021 on a full repairing and insuring lease (2)
£7,000
05/10/2019
First
Residential
Not Measured
RUSHAY DEVELOPMENTS LTD
125 years from 24/06/2006 until 23/06/2131
£125
24/06/2021 and 15 yearly (3)
Totals
63.46 sq m
(683 sq ft)
£7,125
(1) The tenant is due to take occupation imminently. (2) The lease provides an option to determine on 05/10/2018. (3) The rent reviews are linked to the Retail Price Index.