Dolphin Shopping Centre nearby with retailers including Marks & Spencer, Boots the Chemist and Primark
Other nearby occupiers include Sainsbury's Supermarket, JD Wetherspoon and Superdrug
Lot 11
Auction 23rd May 2019
Rent £48,100 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
5 miles west of Bournemouth
29 miles south-west of Southampton
Roads
A31, A35, M27
Rail
Poole Railway Station
Air
Southampton Airport
Situation
The property is situated on the western side of the pedestrianised High Street, 100m from The Dolphin Shopping Centre with occupiers including Marks & Spencer, Boots the Chemist, Primark, River Island and Next. Other nearby retailers include Sainsbury's, JD Wetherspoon, Superdrug and Starbucks, with Iceland, Peacocks and Poundland also represented within the town.
Tenure
Freehold.
Location
Miles
5 miles west of Bournemouth
29 miles south-west of Southampton
Roads
A31, A35, M27
Rail
Poole Railway Station
Air
Southampton Airport
Situation
The property is situated on the western side of the pedestrianised High Street, 100m from The Dolphin Shopping Centre with occupiers including Marks & Spencer, Boots the Chemist, Primark, River Island and Next. Other nearby retailers include Sainsbury's, JD Wetherspoon, Superdrug and Starbucks, with Iceland, Peacocks and Poundland also represented within the town.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor and a self-contained residential maisonette on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Commercial Band D. See legal pack at acuitus.co.uk
Residential Band E. See legal pack at acuitus.co.uk.
Description
The property comprises retail accommodation on the ground floor and a self-contained residential maisonette on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Commercial Band D. See legal pack at acuitus.co.uk
Residential Band E. See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Retail
169.7 sq m
(1,827 sq ft)
A PLAN HOLDINGS (1)
17 years from 13/04/2010 until 29/05/2027 on a full repairing and insuring lease (2)
£48,000
13/04/2022
First and Second
Residential maisonette
INDIVIDUAL
125 years from 24/06/2008
£100
Rent rises by £100 every 25 years
Totals
169.7 sq m
(1,827 sq ft)
£48,100
(1) For the year ending 28 February 2018, A-Plan Holdings reported a turnover of £93,357,176, pre-tax profits of £29,948,892 and a total net worth of £19,029,747 (Source: Experian Group 25/04/2019). (2) The property is subject to a lease for a term of ten years from 13/04/2010 until 12/04/2020 and a reversionary lease from 13/04/2020 until 29/05/2027.
