42 - 44 High Street Weston-Super-Mare Avon BS23 1JA

42 - 44 High Street
Weston-Super-Mare
Avon
BS23 1JA

Freehold Retail Investment

  • Let to WH Smith Retail Holdings Limited on a new renewed lease
  • WH Smith has occupied the property since at least 1952
  • Prime double-frontage unit on busy pedestrianised High Street
  • Approximately 50m from the Sovereign Shopping Centre
  • Opposite Marks & Spencer and close to Boots the Chemist, Superdrug and HSBC
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    54
  • Auction
    22nd October 2015
  • Rent
    £111,500 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to WH Smith Retail Holdings Limited on a new renewed lease
  • WH Smith has occupied the property since at least 1952
  • Prime double-frontage unit on busy pedestrianised High Street
  • Approximately 50m from the Sovereign Shopping Centre
  • Opposite Marks & Spencer and close to Boots the Chemist, Superdrug and HSBC
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 54
  • Auction 22nd October 2015
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
22 miles south-west of Bristol, 58 miles south-west of Cheltenham, 60 miles west of Swindon
Roads
A371, M5
Rail
Weston-Super-Mare Railway Station
Air
Bristol Airport
Situation

The property is situated in a prime position on the pedestrianised and busy High Street some 50 metres from the Sovereign Shopping Centre. Nearby occupiers include Marks & Spencer directly opposite, Boots the Chemist, Superdrug, Costa Coffee and HSBC Bank.

Tenure

Freehold.

Location
Miles
22 miles south-west of Bristol, 58 miles south-west of Cheltenham, 60 miles west of Swindon
Roads
A371, M5
Rail
Weston-Super-Mare Railway Station
Air
Bristol Airport
Situation

The property is situated in a prime position on the pedestrianised and busy High Street some 50 metres from the Sovereign Shopping Centre. Nearby occupiers include Marks & Spencer directly opposite, Boots the Chemist, Superdrug, Costa Coffee and HSBC Bank.

Tenure

Freehold.

Description

The property comprises retail and ancillary accommodation on the ground floor and ancillary accommodation on the first and second floors. The property benefits from a separate access via High Street and rear access via North Street.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises retail and ancillary accommodation on the ground floor and ancillary accommodation on the first and second floors. The property benefits from a separate access via High Street and rear access via North Street.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
660.47 sq m
215.72 sq m
23.77 sq m
(7,109 sq ft)
(2,322 sq ft)
(256 sq ft)
WH SMITH RETAIL
HOLDINGS LIMITED (1)
5 years from 17/07/2015 on a
full repairing and insuring
lease
£111,500 17/07/2020
Totals
899.96 sq m
(9,687 sq ft)
    £111,500  

(1) For the year ending 31/08/2014, WH Smith Retail Holdings Limited reported a turnover of £164,447,000, pre-tax profits of £105,938,000 and a total net worth of £466,645,000. (Source: www.experian.co.uk 10/09/2015)

Property Documents

  • Site Plan
    Updated Date
    30.09.15
    File Size
    98 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.09.15
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Chafes Solicitors LLP Hesketh House, 16 Alderley Road
Wilmslow
Cheshire
SK9 1JX
Daniel Woodcock 01625 531 676daniel.woodcock@chafes.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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