Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Receivers CBRE
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 south side of Fore Street. Nearby occupiers include Boots the Chemist, WH Smith, Sports Direct, New Look,
Costa and The Carphone Warehouse. The Angel Place Shopping Centre is also located close by, housing retailers including Wilko, Iceland, Peacocks and Poundland.
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
The property is prominently situated in a prime pedestrianised retailing position on the south side of Fore Street. Nearby occupiers include Boots the Chemist, WH Smith, Sports Direct, New Look,
Costa and The Carphone Warehouse. The Angel Place Shopping Centre is also located close by, housing retailers including Wilko, Iceland, Peacocks and Poundland.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors. We understand the tenant does not currently use the second floor. The property benefits from a goods lift and rear access via George Street.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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 ground floor retail accommodation with ancillary accommodation on the first and second floors. We understand the tenant does not currently use the second floor. The property benefits from a goods lift and rear access via George Street.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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
426.87 sq m 282.51 sq m 84.17 sq m
(4,595 sq ft) (3,041 sq ft) (906 sq ft)
SUPERDRUG STORES PLC (1)
5 years from 17/04/2014 on a full repairing and insuring lease (2)
£45,000
16/04/2019
Totals
793.55 sq m
(8,542 sq ft)
£45,000
(1) For the year ending 27/12/2014, Superdrug Stores plc reported a turnover of £1,058,047,000, pre-tax profits of £38,044,000 and a total net worth of £138,513,000. (Source: Experian Group 09/11/2015) (2)The lease provides for a tenant option to determine on 16th April 2017.
