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
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.
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.
