Recently extended 5 year lease from February 2022 (2)
Re-based rent
Approximately 7,505 sq ft
Prominent corner position on pedestrianised High Street, a short walk from The Sovereign Shopping Centre
Nearby retailers include Boots the Chemist, JD Sports, Poundland, Costa Coffee, Holland & Barrett, Barclays Bank, Greggs and McDonald's
Lot 5
Auction 18th May 2022
Rent £60,000 per Annum Exclusive
Status Sold
Price £607,000
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of a Real Estate Investment Trust
Property Information
Location
Miles
21 miles south-west of Bristol
Roads
A370, M5
Rail
Weston-Super-Mare
Air
Bristol Airport
Situation
The property is situated in a prominent corner position on the pedestrianised High Street, at its junction with Regent Street, a short walk from The Sovereign Shopping Centre, with nearby retailers including Boots the Chemist, JD Sports, Poundland, Costa Coffee, Holland & Barrett, Barclays Bank, Greggs and McDonald's.
Tenure
Freehold.
Location
Miles
21 miles south-west of Bristol
Roads
A370, M5
Rail
Weston-Super-Mare
Air
Bristol Airport
Situation
The property is situated in a prominent corner position on the pedestrianised High Street, at its junction with Regent Street, a short walk from The Sovereign Shopping Centre, with nearby retailers including Boots the Chemist, JD Sports, Poundland, Costa Coffee, Holland & Barrett, Barclays Bank, Greggs and McDonald's.
Tenure
Freehold.
Description
The property comprises a large shop arranged on the ground and first floors. The property benefits from a retail frontage to both High Street & Regent Street as well as frontage to St James Street at the rear with a loading bay.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion
EPC
Band C.
Description
The property comprises a large shop arranged on the ground and first floors. The property benefits from a retail frontage to both High Street & Regent Street as well as frontage to St James Street at the rear with a loading bay.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion
EPC
Band C.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground First
Retail/Ancillary Ancillary
379.57 sq m 317.71 sq m
(4,085 sq ft) (3,420 sq ft)
SUPERDRUG STORES PLC (1)
5 years from 01/02/2022 until 31/01/2027 (2) on a full repairing & insuring lease
£60,000
697.28 sq m
(7,505 sq ft)
£60,000
(1) For the year ending 31st December 2020, Superdrug Stores PLC reported a turnover of £1,111,403,000, a pre-tax profit of £18,763,000 and shareholder funds of £321,635,000 (2) The lease is subject to a tenant only option to determine on 01/02/2025
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.
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