Sainsbury's Supermarket 30 Holyrood Street Chard Somerset TA20 2AJ

  • Sainsbury's Supermarket<br>30 Holyrood Street<br>Chard<br>Somerset<br>TA20 2AJ

Sainsbury's Supermarket
30 Holyrood Street
Chard
Somerset
TA20 2AJ

Freehold Supermarket Investment

  • Entirely Let to Sainsbury's Supermarkets Ltd
  • Approximately 1,699.37 sq m (18,292 sq ft)
  • Approximate site area of 0.21 hectares (0.51 acres)
  • Nearby occupiers include New Look, Boots the Chemist, Superdrug and Holland & Barrett
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    41
  • Auction
    25th May 2017
  • Rent
    £190,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £2,290,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Supermarket Investment

  • Entirely Let to Sainsbury's Supermarkets Ltd
  • Approximately 1,699.37 sq m (18,292 sq ft)
  • Approximate site area of 0.21 hectares (0.51 acres)
  • Nearby occupiers include New Look, Boots the Chemist, Superdrug and Holland & Barrett
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 41
  • Auction 25th May 2017
  • Rent £190,000 per Annum Exclusive
  • Status Sold
  • Price £2,290,000
  • Sector
    Supermarket/Convenience
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
13 miles south-east of Taunton, 30 miles north-east of Exeter, 53 miles south-west of Bristol
Roads
M5, A303, A358
Rail
Axminster Railway Station
Air
Exeter Airport, Bristol Airport
Situation

Chard is an attractive town situated on the edge of the Blackdown Hills which is in an Area of Outstanding Natural Beauty. The property is situated on the west side of Holyrood Street in the town centre, close to Fore Street, the town’s principal retailing street. Nearby occupiers include New Look, Boots the Chemist, Specsavers, Superdrug and Holland & Barrett.

Tenure

Freehold.

Location
Miles
13 miles south-east of Taunton, 30 miles north-east of Exeter, 53 miles south-west of Bristol
Roads
M5, A303, A358
Rail
Axminster Railway Station
Air
Exeter Airport, Bristol Airport
Situation

Chard is an attractive town situated on the edge of the Blackdown Hills which is in an Area of Outstanding Natural Beauty. The property is situated on the west side of Holyrood Street in the town centre, close to Fore Street, the town’s principal retailing street. Nearby occupiers include New Look, Boots the Chemist, Specsavers, Superdrug and Holland & Barrett.

Tenure

Freehold.

Description

The property comprises a substantial detached supermarket of approximately 1,699.37 sq m (18,292 sq ft) with an approximate site area of 0.21 hectares (0.51 acres). The property also benefits from a rear service yard with car parking and a loading bay and there is a substantial public car park adjacent to the property for approximately 150 cars. There is an electricity substation on the site.

VAT

VAT is not 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 substantial detached supermarket of approximately 1,699.37 sq m (18,292 sq ft) with an approximate site area of 0.21 hectares (0.51 acres). The property also benefits from a rear service yard with car parking and a loading bay and there is a substantial public car park adjacent to the property for approximately 150 cars. There is an electricity substation on the site.

VAT

VAT is not 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 Review/(Reversion)
Ground
First

 Retail
Ancillary
1,616.85 sq m
82.52 sq m
(17,404 sq ft) (888 sq ft)
 SAINSBURY'S SUPERMARKETS
LTD (1)
 10 years from
25/12/2013 on a full
repairing and insuring
lease (2) (3)
 £190,000
 25/12/2018
(24/12/2023)
Total  
1,699.37 sq m
(18,292 sq ft)
     £190,000
  

(1) For the year ending 12th March 2016, Sainsbury's Supermarkets Ltd reported a turnover of £23,168,000,000, pre-tax profits of £406,000,000 and a total net worth of £4,458,000,000 (Source: Experian Group 20/04/2017).
(2) The lease provides for a tenant option to determine the lease on 24/12/2018 subject to 9 months’ written notice.
(3) The lease provides for a tenant option to renew the lease for a term of 10 years from 25/12/2023.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Sherrards 1-3 Pemberton Row
London
EC4A 3BG
Antony Mao 0207 478 9010antony.mao@sherrards.com

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

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