42 Fore Street Bridgwater Somerset TA6 3NG

42 Fore Street
Bridgwater
Somerset
TA6 3NG

Freehold Retail Investment

Entirely let to Blacks Outdoor Retail Limited - a part of JD Sports Fashion Plc
New 10 year lease from October 2016 (No breaks)
Tenant previously in smaller premises in the town
Excellent Trading Position on Pedestrianised Fore Street
Nearby occupiers include Boots the Chemist, WH Smith, Sports Direct and New Look
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
54
Auction
30th March 2017
Status
Sold
Price
£445,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Expand
Photos
Map

Freehold Retail Investment

Entirely let to Blacks Outdoor Retail Limited - a part of JD Sports Fashion Plc
New 10 year lease from October 2016 (No breaks)
Tenant previously in smaller premises in the town
Excellent Trading Position on Pedestrianised Fore Street
Nearby occupiers include Boots the Chemist, WH Smith, Sports Direct and New Look
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 54
Auction 30th March 2017
Status Sold
Price £445,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 11 miles north-east of Taunton, 15 miles west of Glastonbury, 30 miles south-west of Bristol
Roads: A38, A39, M5 (Junctions 23 & 24)
Rail: Bridgwater Railway Station
Air: Bristol Airport

Situation

The property is prominently situated in a prime pedestrianised retailing position on the northern side of Fore Street. Nearby occupiers include Boots the Chemist, WH Smith, Sports Direct, New Look, Costa and Prezzo.

Tenure

Freehold.

Location

Miles: 11 miles north-east of Taunton, 15 miles west of Glastonbury, 30 miles south-west of Bristol
Roads: A38, A39, M5 (Junctions 23 & 24)
Rail: Bridgwater Railway Station
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the basement (not currently used), first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor shop with ancillary accommodation on the basement (not currently used), first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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	Review
Ground Basement First Second	Retail (restricted access) Ancillary Ancillary	140.70 sq m – 56.10 sq m 46.80 sq m	(1,514 sq ft) (–) (604 sq ft) (504 sq ft)	BLACKS OUTDOOR RETAIL LIMITED t/a Millets (1)	10 years from 18/10/2016 until 17/10/2026 on a full repairing and insuring lease	£30,000 (2)	18/10/2021
Totals		243.60 sq m	(2,622 sq ft)			£30,000 (2)

(1) Blacks Outdoor Retail Limited is a subsidiary (and part of The Outdoor Division) of JD Sports Fashion Plc. It currently trades from
around 74 Blacks and 80 Millets stores in the UK. For the year ending 30th January 2016, Blacks Outdoor Retail Limited reported a turnover of £129,932,000, pre-tax profits of £-3,481,000, total current assets of £59,985,000 and a total net worth of £-43,120,000. For the year ending 30th January 2016, JD Sports Fashion Plc reported a turnover of £1,821,652,000, pre-tax profits of £131,631,000 and a total net worth of £308,809,000 (Sources: www.jdplc.com and www.millets.co.uk and Experian Group 15/02/2017).
(2) The lease provides for an 18 month rent free period from 18th October 2016. The seller has agreed to adjust the completion monies so that the property will effectively produce £30,000 from completion of the sale until the expiry of the rent free period in April 2018.