Costa Coffee Old Fore Street Sidmouth Devon EX10 8LP

  • Costa Coffee<br>Old Fore Street<br>Sidmouth<br>Devon<br>EX10 8LP

Costa Coffee
Old Fore Street
Sidmouth
Devon
EX10 8LP

Freehold Retail Investment

  • Let to Jurassic Coast Coffee Ltd with guarantee t/a Costa Coffee until 2031 (no breaks)
  • Prominent position in heart of town centre
  • Popular seaside resort town
  • Nearby occupiers include Holland & Barrett, Sea Salt, Fat Face, EWM and Crew Clothing
  • Lot
    40
  • Auction
    11th July 2018
  • Rent
    £45,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £650,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Trustees
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Freehold Retail Investment

  • Let to Jurassic Coast Coffee Ltd with guarantee t/a Costa Coffee until 2031 (no breaks)
  • Prominent position in heart of town centre
  • Popular seaside resort town
  • Nearby occupiers include Holland & Barrett, Sea Salt, Fat Face, EWM and Crew Clothing
  • Lot 40
  • Auction 11th July 2018
  • Rent £45,000 per Annum Exclusive
  • Status Sold
  • Price £650,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Trustees

Property Information

Location
Miles
15 miles south east of Exeter
28 miles south west of Taunton
Roads
A3052, A30, M5 (Junction 30)
Air
Exeter Airport
Situation

Sidmouth is a popular and affluent seaside town on the Jurassic Coast in Devon. The property is situated on the pedestrianised Old Fore Street in the heart of the town centre, just north of The Esplanade. Nearby occupiers include Holland & Barrett, Sea Salt, Fat Face, EWM and Crew Clothing.

Tenure

Freehold.

Location
Miles
15 miles south east of Exeter
28 miles south west of Taunton
Roads
A3052, A30, M5 (Junction 30)
Air
Exeter Airport
Situation

Sidmouth is a popular and affluent seaside town on the Jurassic Coast in Devon. The property is situated on the pedestrianised Old Fore Street in the heart of the town centre, just north of The Esplanade. Nearby occupiers include Holland & Barrett, Sea Salt, Fat Face, EWM and Crew Clothing.

Tenure

Freehold.

Description

The property is an attractive two storey building comprising a ground floor café with further café seating at first floor together with ancillary accommodation.

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 is an attractive two storey building comprising a ground floor café with further café seating at first floor together with ancillary accommodation.

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 Reviews
Ground
First 		Café/Ancillary
Café/Ancillary
102.5 sq m
78.87 sq m
(1,101 sq ft)
(848 sq ft)
 JURASSIC COAST
COFFEE LIMITED
guaranteed by
Premiere Coffee Limited
(1)
t/a Costa Coffee		 15 years from
29/09/2016 until
28/09/2031 on a full
repairing and
insuring lease 		£45,000 29/09/2021
29/09/2026
Total
181.30 sq m
 (1,949 sq ft)     £45,000  

(1) Jurassic Coast Coffee Limited is a subsidiary of Premiere Coffee Limited. Premiere Coffee Limited is a Costa Coffee franchisee and operates 57 Costas across the South West. For the year ending 30th November 2017, Premiere Coffee Limited reported a turnover of £22,439,554, pre-tax profits of £1,209,556 and a total net worth of £1,453,320 (Source: Experian Group 12/06/2018).

Contacts

Seller's Solicitors
Steele Raymond LLP Solicitors Richmond Point, 43 Richmond Hill
Bournemouth
Dorset
BH2 6LR
Jennifer Rogerson 01202 204 510jenniferrogerson@steeleraymond.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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