Two retail units in established retailing area which forms part of Bristol Shopping Quarter
A short walk to Cabot Circus Shopping Centre, The Galleries Shopping Centre, and Bristol Bus and Coach Station
Nearby occupiers include Debenhams, Primark, Starbucks and Marks and Spencer
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 16
Auction 11th February 2016
Rent £105,000 per Annum
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
13 miles west of Bath, 50 miles east of Cardiff
Roads
A38, A4032, M32 (Junction 3)
Rail
Bristol Temple Meads Rail
Air
Bristol International Airport
Situation
The property is situated within the Bristol Shopping Quarter, in the City Centre. The property lies on the northern side of The Horsefair, close to its junction with the pedestrianised Merchant Street, which acts as a thoroughfare to and from Broadmead, Bristol’s prime retailing pitch. The property is a short walk away from Cabot Circus Shopping Centre, The Galleries Shopping Centre and Bristol Bus and Coach Station. Other nearby occupiers include Debenhams, Starbucks, Primark, Marks & Spencer, BHS, Greggs and Burger King.
Tenure
Long Leasehold. Held from Bristol City Council for a term of 125 years from 6th December 1985 until 2110 at a rent of £2,969 p.a. reviewed 5 yearly to 2.5% of OMRV.
Location
Miles
13 miles west of Bath, 50 miles east of Cardiff
Roads
A38, A4032, M32 (Junction 3)
Rail
Bristol Temple Meads Rail
Air
Bristol International Airport
Situation
The property is situated within the Bristol Shopping Quarter, in the City Centre. The property lies on the northern side of The Horsefair, close to its junction with the pedestrianised Merchant Street, which acts as a thoroughfare to and from Broadmead, Bristol’s prime retailing pitch. The property is a short walk away from Cabot Circus Shopping Centre, The Galleries Shopping Centre and Bristol Bus and Coach Station. Other nearby occupiers include Debenhams, Starbucks, Primark, Marks & Spencer, BHS, Greggs and Burger King.
Tenure
Long Leasehold. Held from Bristol City Council for a term of 125 years from 6th December 1985 until 2110 at a rent of £2,969 p.a. reviewed 5 yearly to 2.5% of OMRV.
Description
The property comprises two ground floor retail units with ancillary accommodation over first and second floors.
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 not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with ancillary accommodation over first and second floors.
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 not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.(gross)
Reversion
53
Ground First Second
Retail/Ancillary Ancillary Ancillary
102.3 sq m 99.8 sq m 92.6 sq m
(1,101 sq ft) (1,074 sq ft) (997 sq ft)
LONDON CAMERA EXCHANGE LIMITED (1)
5 years from 01/12/2015 (2)
£52,500
01/12/2020
55
Ground First Second
Retail/Ancillary Ancillary Ancillary
95.7 sq m 88.1 sq m 98.5 sq m
(1,030 sq ft) (948 sq ft) (1,060 sq ft)
MEILIN TRADING LIMITED (t/a Funky Fones)
10 years from 05/11/2010
£52,500 (3)
05/11/2020
Totals
577.0 sq m
(6,210 sq ft)
£105,000
(1) For the year ending 30th March 2014, London Camera Exchange Limited reported a turnover of £26,151,175, pre-tax profits of £988,250 and a total net worth of £1,151,127. (Source: www.riskdisk.com 14/12/2015) (2) The lease provides tenant option to determine on 1st December 2018. (3) The rental income stated for 55 The Horsefair is a concessionary rent. The lease provides for a rent of £60,000 p.a.
