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 Available
Guide* £350,000 - £375,000
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
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.
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.
