46 East Street Blandford Forum Dorset DT11 7DR

46 East Street
Blandford Forum
Dorset
DT11 7DR

Freehold Retail Investment

Recently let to YMCA
New 5-year lease from May 2024 (No breaks)
Approximately 2,659 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 Specsavers
VAT-free investment

Lot
40
Auction
25th September 2024
Rent
£30,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment

Recently let to YMCA
New 5-year lease from May 2024 (No breaks)
Approximately 2,659 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 Specsavers
VAT-free investment

Lot 40
Auction 25th September 2024
Rent £30,000 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 Specsavers 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

Tenure

Freehold.

Description

The property comprises a large, double-fronted shop arranged on the ground and first floors. The property benefits from the right to park 6 cars to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Description

The property comprises a large, double-fronted shop arranged on the ground and first floors. The property benefits from the right to park 6 cars to the rear.

VAT

VAT is not 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	Rent p.a.x.
Ground First	Retail/Ancillary Ancillary	173.63 73.39	(1,869) (790)	NATIONAL COUNCIL OF YOUNG MANS CHRISTIAN ASSOCIATION (1) (t/a YMCA)	5 years from 15/05/2024 on an effectively repairing and insuring lease	£30,000
Total		(247.02)	(2,659)			£30,000 (2)

(1) YMCA is the oldest and largest youth charity in the world. They operate more than 100 shops in the UK, supporting over 300,000 people in England and Wales (www.ymca.org.uk).
(2) The tenant is currently benefitting from a peppercorn rent expiring 24/03/2025. The Seller has confirmed they will top up the rent so the property effectively produces £30,000 p.a.x. from completion of the sale until 25/03/2025.

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.