15 The Quay Poole Dorset BH15 1HJ

15 The Quay
Poole
Dorset
BH15 1HJ

Harbourside Retail Investment

  • Let until 2026 (subject to option) on a new 10 year lease
  • Located in affluent and attractive coastal town
  • Situated on The Quay overlooking Europe’s largest natural harbour
  • Nearby occupiers include JD Wetherspoon, Tesco Express and a number of shops, bars, restaurants and museums
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    62
  • Auction
    7th July 2016
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of a Major Fund Manager
Important Update
  • Expand
  • Photos
  • Map

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

Harbourside Retail Investment

  • Let until 2026 (subject to option) on a new 10 year lease
  • Located in affluent and attractive coastal town
  • Situated on The Quay overlooking Europe’s largest natural harbour
  • Nearby occupiers include JD Wetherspoon, Tesco Express and a number of shops, bars, restaurants and museums
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 62
  • Auction 7th July 2016
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of a Major Fund Manager

Property Information

Location
Miles
5 miles west of Bournemouth, 29 miles south-west of Southampton
Roads
A31, A35, M27
Rail
Poole Railway Station
Air
Southampton Airport
Situation

Poole is an attractive tourist coastal town located some 5 miles west of Bournemouth. The property is situated in a prominent location in the town centre on The Quay, a busy thoroughfare overlooking Europe’s largest natural harbour. The property is within a short walk of Dolphin Quays Shopping Centre, the Thistle Hotel and Sunseeker Wharf (home to Sunseeker Yachts), with other nearby occupiers including JD Wetherspoon, Tesco Express and a number of boutiques, bars and restaurants.

Tenure

Virtual Freehold. Held from Poole Quay Residents Company for a term of 999 years from 1st January 2001 at a peppercorn rent.

Location
Miles
5 miles west of Bournemouth, 29 miles south-west of Southampton
Roads
A31, A35, M27
Rail
Poole Railway Station
Air
Southampton Airport
Situation

Poole is an attractive tourist coastal town located some 5 miles west of Bournemouth. The property is situated in a prominent location in the town centre on The Quay, a busy thoroughfare overlooking Europe’s largest natural harbour. The property is within a short walk of Dolphin Quays Shopping Centre, the Thistle Hotel and Sunseeker Wharf (home to Sunseeker Yachts), with other nearby occupiers including JD Wetherspoon, Tesco Express and a number of boutiques, bars and restaurants.

Tenure

Virtual Freehold. Held from Poole Quay Residents Company for a term of 999 years from 1st January 2001 at a peppercorn rent.

Description

The property comprises a ground floor retail unit, currently being fitted out to include a small café area.

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 a ground floor retail unit, currently being fitted out to include a small café area.

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 GIA) Tenant Term Rent p.a.x Review/(Reversion)
Ground Retail
660.07 sq m
(7,105 sq ft)
TITAN LEATHERCRAFT
LTD (1) WITH PERSONAL
GUARANTEE
10 years from 08/03/2016
on a full insuring and
repairing lease (2)
£60,000 (4) 08/03/2021
(07/03/2026)
Total  
660.07 sq m
(7,105 sq ft)
    £60,000

(1) Titan Leathercraft is a family run business specialising in personalised leather goods and gifts (Source: www.titanleathercraft.com 21/04/2016).
(2) The lease provides an option to determine on 8th March 2021.
(3) For the purposes of clarification, Titan Leather Ltd is currently benefiting from a rent free period. The rent will increase to £30,000 pa from 8th September 2016 and to £60,000 pa from 8th March 2017. The seller has agreed to adjust the completion monies so that the unit will effectively produce £60,000 p.a.x. from completion of the sale.

Property Documents

  • Catalogue Page
    Updated Date
    15.06.16
    File Size
    600 KB
    View PDF
  • Site Plan
    Updated Date
    15.06.16
    File Size
    64 KB
    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

Seller's Solicitors
Irwin Mitchell LLP 40 Holborn Viaduct
London
EC1N 2PZ
Sophia Costi 0207 421 3916sophia.costi@irwinmitchell.com

Useful Links

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

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