Majestic Wine 6 High East Street Dorchester DT1 1HS

Majestic Wine
6 High East Street
Dorchester
DT1 1HS

Freehold Retail Investment

Let to Majestic Wine Warehouses Limited until 2032 (subject to option)
In occupation since 2002
May 2022 and 2027 Rent reviews
Development Potential(subject to gaining vacant possession and appropriate consents)
Busy town Centre location with on site car parking

Lot
2
Auction
21st July 2021
Rent
£41,500 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction
On behalf of Trustees

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Freehold Retail Investment

Let to Majestic Wine Warehouses Limited until 2032 (subject to option)
In occupation since 2002
May 2022 and 2027 Rent reviews
Development Potential(subject to gaining vacant possession and appropriate consents)
Busy town Centre location with on site car parking

Lot 2
Auction 21st July 2021
Rent £41,500 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On behalf of Trustees

Property Information

Location

Miles: 55 miles east of Exeter, 61 miles south of Bristol, 28 miles west of Bournemouth
Roads: B3150, A35, A37
Rail: Dorchester West Rail, Dorchester South Rail
Air: Bournemouth International Airport

Situation

Dorchester is the county town of Dorset. The property is prominently situated in the town centre on the south side of High East Street (B3150), which is the main arterial route through town, less than a mile north-east of both Dorchester West and South Railway Stations. Nearby occupiers include a number of local retailers, restaurants and cafes.

Tenure

Freehold.

Location

Miles: 55 miles east of Exeter, 61 miles south of Bristol, 28 miles west of Bournemouth
Roads: B3150, A35, A37
Rail: Dorchester West Rail, Dorchester South Rail
Air: Bournemouth International Airport

Situation

Tenure

Freehold.

Description

The property comprises Retail accommodation on the ground floor and Ancillary accommodation on the first floor. There is a yard to the rear which provides a loading area and customer car parking.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Description

The property comprises Retail accommodation on the ground floor and Ancillary accommodation on the first floor. There is a yard to the rear which provides a loading area and customer car parking.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/ (Reversion)
Ground First	Retail Ancillary	275.20 sq m 149.90 sq m	(2,962 sq ft) (1,613 sq ft)	MAJESTIC WINE WAREHOUSES LIMITED (1)	15 years from 12/05/2017 (2) on a full repairing and insuring lease	£41,500 (3)	12/05/2022 and 12/05/2027 (11/05/2032)
Total		425.10 sq m	(4,575 sq ft)			£41,500 (3)

(1) For the year ending 30th March 2020, Majestic Wine Warehouses Limited reported a turnover of £303,390,000, a pre-tax profit of £425,000 and shareholder funds of £39,012,000 (Source: NorthRow 24/06/2021). Majestic Wine is the Uk's largest specialist wine retailer. Originally founded in 1980, there are now almost 200 stores across the UK (Source: https://www.majestic.co.uk/about 24/06/2021).
(2) The lease provides for a tenant option to determine on 12/05/2027.
(3) The tenant has been paying the rent monthly instead of quarterly since March 2020. Full details available in the legal pack.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.