Entirely let to Iceland Foods Limited until 2024 (no breaks)
Located in Minehead, home to Butlins Holiday Park
Town Centre Location
Nearby occupiers include Poundland, WH Smith, Co-operative Supermarket, TSB Bank and Boots Chemist
Lot 40
Auction 23rd October 2014
Rent £75,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
25 miles north-west of Taunton 45 miles north of Exeter
Roads
A39, A396
Rail
Taunton Rail
Air
Exeter International
Situation
Minehead is a coastal town in Somerset and home to the Butlins Holiday Park which attracts several thousand tourists every year. The property is situated within the town centre on the southern side of The Avenue, close to its junction with The Parade. Nearby occupiers include Poundland, WH Smith,
Co-operative Supermarket, TSB Bank and Boots Chemist.
Tenure
Freehold.
Location
Miles
25 miles north-west of Taunton 45 miles north of Exeter
Roads
A39, A396
Rail
Taunton Rail
Air
Exeter International
Situation
Minehead is a coastal town in Somerset and home to the Butlins Holiday Park which attracts several thousand tourists every year. The property is situated within the town centre on the southern side of The Avenue, close to its junction with The Parade. Nearby occupiers include Poundland, WH Smith,
Co-operative Supermarket, TSB Bank and Boots Chemist.
Tenure
Freehold.
Description
The property comprises a retail unit over ground, mezzanine, first and second
floors and benefits from access and loading off Summerland Road.
Six Week Completion
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 retail unit over ground, mezzanine, first and second
floors and benefits from access and loading off Summerland Road.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
35 years from 11/05/1989 until 26/06/2024 on a full repairing and insuring lease
£75,000
25/06/2019
Totals
785.84 sq m
(8,459 sq ft)
£75,000
(1) For the year ending 28th March 2014, Iceland Foods Limited reported a turnover of £2,699,261,000, pre-tax profits of £173,932,000 and a total net worth of £364,657,000. (Source: www.riskdisk.com 30/07/2014).
