Freehold Retail Investment
Freehold Retail Investment
The property occupiers a prominent corner position at the junction of the pedestrianised High Street and Globe Lane, in the heart of Poole town centre. Other retailers on High Street include Iceland, Poundland, McDonald's, JD
Wetherspoon, Superdrug, Starbucks and WHSmith. Chapel Lane Car Park is less than 100m away.
Freehold.
The property occupiers a prominent corner position at the junction of the pedestrianised High Street and Globe Lane, in the heart of Poole town centre. Other retailers on High Street include Iceland, Poundland, McDonald's, JD
Wetherspoon, Superdrug, Starbucks and WHSmith. Chapel Lane Car Park is less than 100m away.
Freehold.
The property comprises a large shop arranged on the ground and first floors, benefitting from a return frontage to Globe Lane and car parking/servicing at the rear.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a large shop arranged on the ground and first floors, benefitting from a return frontage to Globe Lane and car parking/servicing at the rear.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | |
|---|---|---|---|---|---|---|
| Ground First |
Retail/Ancillary Retail/Ancillary |
372.90 sq m 347.90 sq m |
(4,014 sq ft) (3,745 sq ft) |
PEACOCKS STORES LIMITED (1) |
25 years and one day from 07/08/1998 until 07/08/2023 (2) on a full repairing and insuring lease |
£70,000 (2) |
| Totals | 720.80 sq m |
(7,759 sq ft) |
£70,000 (2) | |||
(1) For the year ending 27th February 2016, Peacocks Stores Limited reported a turnover of £369,711,000, a pre-tax profit of £67,879,000 and a total net worth of £141,072,000 (Source: Experian Group 12/04/2017). Peacocks is part of the Edinburgh Woollen Mill Group which includes brands such as Edinburgh Woollen Mill, Jane Norman and Ponden Home (Source: www.peacockscorporate.co.uk 13/06/2017).
(2) The property was originally let on a 20 year lease expiring 6th August 2018. A new reversionary lease has been agreed but has not yet completed for a term commencing on 7th August 2018 expiring 7th August 2023 at a fixed rent of £70,000 per annum. Peacocks Stores Limited will benefit from a 12 month rent free period from completion of the new lease. The seller has agreed to adjust the completion monies so that the property will effectively produce £70,000 per annum from completion of the sale until the expiry of the
rent free period.
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.
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?
