36 High Street Weston-Super-Mare Somerset BS23 1JA

36 High Street
Weston-Super-Mare
Somerset
BS23 1JA

Freehold Retail Investment

Retail Unit with Two Upper Floors of Ancillary Accommodation
Busy Pedestrianised High Street Location
Of Interest to Investors and Owner Occupiers
Close to The Sovereign Shopping Centre
Nearby Occupiers Include JD Sports, Poundland, Costa Coffee, Holland & Barrett, Barclays Bank, Greggs and McDonald's

Lot
44
Auction
22nd September 2022
Rent
£10,000 per Annum Exclusive
Status
Sold
Price
£141,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Retail Unit with Two Upper Floors of Ancillary Accommodation
Busy Pedestrianised High Street Location
Of Interest to Investors and Owner Occupiers
Close to The Sovereign Shopping Centre
Nearby Occupiers Include JD Sports, Poundland, Costa Coffee, Holland & Barrett, Barclays Bank, Greggs and McDonald's

Lot 44
Auction 22nd September 2022
Rent £10,000 per Annum Exclusive
Status Sold
Price £141,000
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 on the east side of the busy pedestrianised High 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

Tenure

Freehold.

Description

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

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

Band D.

Description

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

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

Band D.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Income	Reversion
Ground First Second	Retail Ancillary Ancillary	61.33 49.23 60.11	(660) (529) (647)	SIX FOR A FIVER LIMITED t/a Everything One Pound	36 Months from 04/01/2021 (1)	£10,000 (2)	03/01/2024 (1)
Total Approximate Floor Area		170.67	(1,836) (3)			£10,000

(1) The property is currently occupied under a lease and whilst the current lease expires on 3/1/2023 the lessee has also signed a reversionary lease expiring on 3/1/2024. Further details are available from the legal pack.
(2) The rent is paid annually in advance. The rent for 2022 has been paid in full. Further details are available from the legal pack.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

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.