The Co-operative Supermarket Crown Mead Shopping Centre Wimborne Minster Dorset BH21 1ED

  • The Co-operative Supermarket<br>Crown Mead Shopping Centre<br>Wimborne Minster<br>Dorset<br>BH21 1ED

The Co-operative Supermarket
Crown Mead Shopping Centre
Wimborne Minster
Dorset
BH21 1ED

Freehold Supermarket Investment

  • Let to Co-operative Foodstores Limited (guaranteed by Co-operative Group Food Limited) until 2034 (no breaks)
  • Approximately 1,993 sq m (21,448 sq ft)
  • Freehold includes shopping centre car park
  • Approximate site area of 0.46 hectares (1.14 acres)
  • Historic and Affluent Market Town Location
  • Nearby occupiers including M & Co, WH Smith, Crew Clothing, Millets & Waitrose
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    9
  • Auction
    16th February 2017
  • Rent
    £300,560 per Annum Exclusive
  • Status
    Sold
  • Price
    £4,805,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers
Important UpdateInterested?
  • Expand
  • Photos
  • Map

Freehold Supermarket Investment

  • Let to Co-operative Foodstores Limited (guaranteed by Co-operative Group Food Limited) until 2034 (no breaks)
  • Approximately 1,993 sq m (21,448 sq ft)
  • Freehold includes shopping centre car park
  • Approximate site area of 0.46 hectares (1.14 acres)
  • Historic and Affluent Market Town Location
  • Nearby occupiers including M & Co, WH Smith, Crew Clothing, Millets & Waitrose
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 9
  • Auction 16th February 2017
  • Rent £300,560 per Annum Exclusive
  • Status Sold
  • Price £4,805,000
  • Sector
    Supermarket/Convenience
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers

Property Information

Location
Miles
9 miles north-west of Bournemouth, 30 miles south-west of Southampton
Roads
A31, A3049, A350
Rail
Bournemouth Rail Station
Air
Bournemouth Airport
Situation

The property is situated some 200 metres from High Street and The Square in the centre of town and anchors the established Crown Mead Shopping Centre. Nearby occupiers include M & Co, WH Smith, Crew Clothing, Millets & Waitrose.

Tenure

Freehold.

Location
Miles
9 miles north-west of Bournemouth, 30 miles south-west of Southampton
Roads
A31, A3049, A350
Rail
Bournemouth Rail Station
Air
Bournemouth Airport
Situation

The property is situated some 200 metres from High Street and The Square in the centre of town and anchors the established Crown Mead Shopping Centre. Nearby occupiers include M & Co, WH Smith, Crew Clothing, Millets & Waitrose.

Tenure

Freehold.

Description

The property comprises a substantial supermarket with retail accommodation on ground floor and ancillary accommodation on the first floor. The property benefits from an extensive customer car park providing approximately 77 spaces and an approximate site area of 0.46 hectares (1.14 acres).

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 substantial supermarket with retail accommodation on ground floor and ancillary accommodation on the first floor. The property benefits from an extensive customer car park providing approximately 77 spaces and an approximate site area of 0.46 hectares (1.14 acres).

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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
First		 Retail/Ancillary
Ancillary
1,691 sq m
302 sq m
(18,200 sq ft)
(3,248 sq ft)
 CO-OPERATIVE FOODSTORES LIMITED
(guaranteed by
Co-operative Group Food
Limited) (1)		 50 years from
28/09/1984 until
27/09/2034 on a full
repairing and
insuring lease		 £300,560 27/09/2019
and five
yearly
Total  
1,993 sq m
(21,448 sq ft)
     £300,560  

1) For the year ending 2nd January 2016, Co-operative Foodstores Limited reported a revenue of £284.9m, pre-tax profits of £12.3m and net assets of £403.7m. (Source: Mutuals Public Register 18/01/2017 Annual Return & Accounts)
For the year ending 2nd January 2016, Co-operative Group Food Limited reported a turnover of £6,475,500,000, pre-tax profits of -£429,600,000 and a net worth of £1,385,500,000. (Source: Experian Group)

Contacts

Seller's Solicitors
DWF LLP 5 St Paul's Square, Old Hall Street
Liverpool
L3 9AE
Abigail Dry 0151 9073 438abigail.dry@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?