Let to Specsavers Optical Superstores Limited until June 2032 (no breaks)
Approximately 2,826 sq ft
Prominent position in historic and affluent Dorset market town
Nearby occupiers include Marks & Spencer Simply Food, Iceland, Boots the Chemist, Holland & Barrett, WHSmith, Costa and Domino's
VAT-free investment
Lot 19
Auction 9th July 2024
Rent £43,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
14 miles north-west Poole, 19 miles north-west of Bournemouth, 24 miles south-west of Salisbury
Roads
A31, A35, A350, A354
Rail
Poole Railway Station
Air
Bournemouth Airport
Situation
The property is located on the north side of East Street, close to its junction with Sheep Market Hill, in the heart of the town centre. Nearby occupiers include Marks & Spencer Simply Food, Iceland, Boots the Chemist, Holland & Barrett, WHSmith, Costa and Domino's and a number of independent and local traders.
Tenure
Freehold.
Location
Miles
14 miles north-west Poole, 19 miles north-west of Bournemouth, 24 miles south-west of Salisbury
Roads
A31, A35, A350, A354
Rail
Poole Railway Station
Air
Bournemouth Airport
Situation
The property is located on the north side of East Street, close to its junction with Sheep Market Hill, in the heart of the town centre. Nearby occupiers include Marks & Spencer Simply Food, Iceland, Boots the Chemist, Holland & Barrett, WHSmith, Costa and Domino's and a number of independent and local traders.
Tenure
Freehold.
Description
The property comprises an optician arranged on the ground, basement and first floors. The property also benefits from the right to use 5 car parking spaces in the rear car park.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band B
Description
The property comprises an optician arranged on the ground, basement and first floors. The property also benefits from the right to use 5 car parking spaces in the rear car park.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band B
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground First
Retail/Ancillary Ancillary
225.84 36.69
(2,431) (395)
SPECSAVERS OPTICAL SUPERSTORES LIMITED (1)
15 years from 09/06/2017 on an effectively full repairing and insuring lease
£43,000
09/06/2027
Total
262.53
(2,826)
£43,000
(1) For the year ending 28/02/2023, Specsavers Optical Superstores Limited reported Turnover of £3,426,710,000, Pre-Tax Profit of £327,774,000, Net Worth of £260,627,000 (www.northrow.com)
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.
