Freehold Retail Investment
Freehold Retail Investment
Weston-Super-Mare is a popular tourist destination located some 18 miles from Bristol city centre. The area benefits from excellent communication routes via Junction 21 some 2 miles to the east. The property is in a prominent corner position in a predominantly residential area, less than 1 mile from the town’s main station. There is ample on-street parking adjacent to the property.
Freehold.
Weston-Super-Mare is a popular tourist destination located some 18 miles from Bristol city centre. The area benefits from excellent communication routes via Junction 21 some 2 miles to the east. The property is in a prominent corner position in a predominantly residential area, less than 1 mile from the town’s main station. There is ample on-street parking adjacent to the property.
Freehold.
The property comprises a ground floor shop, with ancillary accommodation. The residential upper parts have been let on a long lease.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor shop, with ancillary accommodation. The residential upper parts have been let on a long lease.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground |
Retail Ancillary |
175.67 sq m 55.74 sq m |
(1,891 sq ft) (600 sq ft) |
MARTIN MCCOLL LIMITED (1) |
20 years from 24/11/2011 until 2031 on a full repairing and insuring lease (2) |
£31,150 | 20/02/2016 and 5 yearly thereafter (fixed rental uplifts at 2% per annum compounded) |
| First | Residential |
|
INDIVIDUAL |
150 years from 23/11/2011 | Peppercorn | ||
| Total Approximate Ground Floor Areas |
231.41 sq m |
(2,491 sq ft) |
£31,150 | ||||
(1) For the year ending 27th November 2011 Martin McColl Limited reported a turnover of £380,485,000, a pre-tax profit of £18,068,000 and a total net worth of £100,676,000. (Source www.riskdisk.com 04.09.2012)
(2)The lease provides for 5 yearly upward only rent reviews with fixed uplifts at 2% per annum compounded throughout.
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