9 Retail Units totalling over 875.04 sq. m. (9,412 sq. ft.)
Tenants include Wells Pharmacy, Children's Hospice South West and Iles & Vincent Funeral Services
Prominent Entrance from Market Street
Covered Walkway Providing Important Link between Central Car Park and Market Street
Asset Management Opportunities
Lot 7
Auction 13th July 2023
Rent £99,300 per Annum Exclusive Plus 2 x Vacant Units
Status Sold
Price £912,500
Sector Shopping Centre
Auction Venue Live Streamed Auction
On Behalf of Joint LPA Receivers
Property Information
Location
Miles
16 miles south of Bath, 21 miles north-west of Salisbury
Roads
A36, A350
Rail
Warminster Railway Station
Air
Bristol International Airport
Situation
Warminster is an attractive and historical town located between Bath and Salisbury. The property is located in the busy town centre, accessed from the High Street and the Central Car Park. Nearby occupiers include Waitrose, JD Wetherspoon, Nationwide, Lloyds and the Three Horseshoes Shopping Centre with retailers including Iceland, Poundland, Greggs, WHSmith and Superdrug.
Tenure
Freehold.
Location
Miles
16 miles south of Bath, 21 miles north-west of Salisbury
Roads
A36, A350
Rail
Warminster Railway Station
Air
Bristol International Airport
Situation
Warminster is an attractive and historical town located between Bath and Salisbury. The property is located in the busy town centre, accessed from the High Street and the Central Car Park. Nearby occupiers include Waitrose, JD Wetherspoon, Nationwide, Lloyds and the Three Horseshoes Shopping Centre with retailers including Iceland, Poundland, Greggs, WHSmith and Superdrug.
Tenure
Freehold.
Description
The property comprises an busy and popular open air shopping arcade currently arranged as 9 retail units (although capable of further subdivision), arranged over ground and first floors. The arcade provides an important pedestrianised link between Market Place and Central Car Park.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an busy and popular open air shopping arcade currently arranged as 9 retail units (although capable of further subdivision), arranged over ground and first floors. The arcade provides an important pedestrianised link between Market Place and Central Car Park.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Kiosk 1
Ground
Retail
14.70
(158)
VACANT POSSESSION
Unit 2
Ground
Retail
56.00
(602)
INDIVIDUAL t/a Lindsay's Linens
10 years from 31/08/2014
£9,000 (5)
Unit 3
Ground
Retail
48.34
(520)
INDIVIDUAL t/a The Mens Quarter Barber Shop
10 years from 31/08/2014
£8,000 (6)
Unit 4 & 5
Ground First
Cafe Ancillary
92.50 60.30
(995) (649)
INDIVIDUAL t/a Cornmarket Cafe
Unknown (7)
£18,500
Unit 6 & 7
Ground First
Retail Ancillary
85.10 15.91
(916) (171)
VACANT POSSESSION
Unit 8
Ground
Retail
59.90
(644)
ALL ABOUT HAIR LIMITED t/a All About You Hair & Beauty Salon
Unknown (7)
£9,000
Unit 9 & 14
Unit 9 - Ground Unit 14 - Ground Unit 14 - First
Retail Retail Ancillary
72.60 41.79 24.32
(781) (449) (261)
ILES & VINCENT FUNERAL SERVICES LIMITED (1)
10 years from 16/05/2017
£18,500
Unit 10
Ground Mezzanine
Retail Ancillary
67.02 26.80
(721) (288)
BESTWAY NATIONAL CHEMISTS LIMITED t/a Wells Pharmacy (2)
10 years from 29/09/2015
£14,300
Unit 11 & 12
Ground First
Retail Ancillary
158.59 51.17
(1,707) (550)
CHILDRENS HOSPICE SOUTH WEST (3)
6 years from 10/08/2017
£22,000
Total Approximate Floor Area
875.04
(9,412) (4)
£99,300 Plus 2 x Vacant Units (5) (6)
(1) Iles and Vincent Funeral Services is an established, independent funeral director in Warminster (www.https://ilesandvincentfuneralservices.co.uk). (2) Well Pharmacy, formally The Co-operative Pharmacy, is the largest independent pharmacy business in the UK with 737 locations (www.well.co.uk). (3) Children's Hospice South West trade from more than 30 locations across the south-west (www.chsw.org.uk). (4) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). (5) £9,000 per annum has historically been charged but the annual rent specified within the lease is £10,000 per annum. (6) £8,000 per annum has historically been charged but the annual rent specified within the lease is £10,000 per annum. (7) The Seller has been unable to confirm the term of the lease, please refer to the Special Conditions of sale for further details in regard to the tenancy position.
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.
