70 High Street Weston-Super-Mare Somerset BS23 1HS

70 High Street
Weston-Super-Mare
Somerset
BS23 1HS

Freehold High Street Retail Investment

Predominantly let to Specsavers
Large ground floor shop approx. 5,570 sq ft
Lease expires October 2027 (no breaks)
Pedestrianised town centre location on the main shopping street
Close to The Sovereign Shopping Centre and other retailers including Boots the Chemist, Poundland and Costa

Lot
27
Auction
12th July 2022
Rent
£52,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold High Street Retail Investment

Predominantly let to Specsavers
Large ground floor shop approx. 5,570 sq ft
Lease expires October 2027 (no breaks)
Pedestrianised town centre location on the main shopping street
Close to The Sovereign Shopping Centre and other retailers including Boots the Chemist, Poundland and Costa

Lot 27
Auction 12th July 2022
Rent £52,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

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 Weston-Super-Mare town centre on the pedestrianised High Street, nearby to its junction with Waterloo Street and South Parade. The Sovereign Shopping Centre is a short walk away as well as other nearby retailers including Boots the Chemist, Poundland and Costa.

Tenure

Freehold.

Location

Miles: 21 miles south-west of Bristol
Roads: A370, M5
Rail: Weston-Super-Mare
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a large shop arranged on the ground floor only. The first & second floors are currently disused and accessed only via a secure rear fire escape.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

6 week completion

EPC

See legal pack

Description

The property comprises a large shop arranged on the ground floor only. The first & second floors are currently disused and accessed only via a secure rear fire escape.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

6 week completion

EPC

See legal pack

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Ground	Retail/Ancillary	456.25	(5,570)	SPECSAVERS OPTICAL SUPERSTORES LIMITED(1) (t/a Specsavers)	10 years from 27/10/2017	£52,000	27/10/2022
First/Second (2)	Ancillary	290.80	(3,130)	-	-	-	-
Total		747.05	(8,700)			£52,000

(1)For the year ending 31st December 2021, Specsavers Optical Superstores Limited reported a turnover of £2,738,227,000 , a pre-tax profit of £441,528,000 and shareholder funds of £218,231,000
(2) Please note the first and second floors are not in use and currently have restricted access via a secure rear fire escape.

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.