4 Middle Street & 3 Wine Street Yeovil Somerset BA20 1LZ

4 Middle Street & 3 Wine Street
Yeovil
Somerset
BA20 1LZ

Freehold Retail Investment

Let to Signet Trading Limited (t/a H. Samuel)
New 5 year lease renewal from June 2018 (subject to option)
Tenant in occupation for over 20 years
Prime trading location opposite Marks & Spencer with Primark, Greggs and Costa close by
VAT-free Investment

Lot
50
Auction
18th October 2018
Rent
£30,650 per Annum Exclusive
Status
Sold
Price
£365,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Signet Trading Limited (t/a H. Samuel)
New 5 year lease renewal from June 2018 (subject to option)
Tenant in occupation for over 20 years
Prime trading location opposite Marks & Spencer with Primark, Greggs and Costa close by
VAT-free Investment

Lot 50
Auction 18th October 2018
Rent £30,650 per Annum Exclusive
Status Sold
Price £365,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 28 miles east of Taunton; 40 miles south of Bristol
Roads: A30, A37, A303, M5
Rail: Yeovil Junction & Yeovil Penn Mill Railway Stations
Air: Bristol Airport

Situation

Yeovil is a historic and prosperous market town located in south Somerset. The property is situated in a prime trading location on the southern side of Middle Street, close to its junction with Silver Street and The Borough. Marks & Spencer is directly opposite, with other nearby occupiers including Greggs, Costa, WHSmith & Primark, with Boots the Chemist, The Edinburgh Woollen Mill and Waterstones also located on Middle Street. The Quedam Shopping Centre is located close by.

Tenure

Freehold.

Location

Miles: 28 miles east of Taunton; 40 miles south of Bristol
Roads: A30, A37, A303, M5
Rail: Yeovil Junction & Yeovil Penn Mill Railway Stations
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Description

The property comprises a ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second	Retail/Ancillary Ancillary Ancillary	146.36 sq m 108.73 sq m 67.97 sq m	(1,575 sq ft) (1,170 sq ft) (732 sq ft)	SIGNET TRADING LIMITED (1) t/a H. Samuel	5 years from 24/06/2018 until 23/06/2023 (2) on a full repairing and insuring lease	£30,650
Total		323.06 sq m	(3,477 sq ft)			£30,650

(1) For the year ending 28th January 2017, Signet Trading Limited reported a turnover of £489,366,000, pre-tax profits of £31,096,000 and a total net worth of £241,706,000. Signet Jewellers is the world’s largest specialist jeweller. H Samuel trades from over 300 stores nationwide (Source: Experian Group and www.hsamuel.co.uk 09/08/2018).
(2) The lease provides for a tenant option to determine on 23rd June 2021. If the tenant activates the break clause, then a rent penalty of £11,494 will be payable to the landlord. If the tenant does not activate the break clause, then the landlord will pay the tenant a sum of £11,494 within 21 days of the break date.