Less than 125 metres from Three Horseshoes Shopping Centre
Nearby occupiers include Morrisons Supermarket, Specsavers, William Hill and Halifax
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 60
Auction 7th July 2016
Rent
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
16 miles south of Bath, 21 miles north-west of Salisbury
Roads
A36, A350
Rail
Warminster Rail
Air
Bristol International Airport
Situation
Warminster is an attractive town located between Bath and Salisbury. The property is located on the southern side of the High Street within 125 metres of Three Horseshoes Shopping Centre which houses retailers including Greggs, Dorothy Perkins, Thorntons and Superdrug. A path to the side of the property provides access both to the residential units and also to a large Morrisons Supermarket to the rear. Other nearby occupiers include Specsavers, William Hill, Subway and Halifax.
Tenure
Freehold.
Location
Miles
16 miles south of Bath, 21 miles north-west of Salisbury
Roads
A36, A350
Rail
Warminster Rail
Air
Bristol International Airport
Situation
Warminster is an attractive town located between Bath and Salisbury. The property is located on the southern side of the High Street within 125 metres of Three Horseshoes Shopping Centre which houses retailers including Greggs, Dorothy Perkins, Thorntons and Superdrug. A path to the side of the property provides access both to the residential units and also to a large Morrisons Supermarket to the rear. Other nearby occupiers include Specsavers, William Hill, Subway and Halifax.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with residential accommodation on the upper floors let on a long lease.
VAT
VAT is not 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 two ground floor retail units with residential accommodation on the upper floors let on a long lease.
VAT
VAT is not 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
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
5
Ground
Retail
33.91 sq m
(365 sq ft)
WARMINSTER JEWELLERY LIMITED
15 years from 19/09/2015
£11,500 (2)
19/09/2020 (18/09/2030)
9
Ground
Retail
49.15 sq m
(529 sq ft)
WARMINSTER JEWELLERY LIMITED
14 years from 31/01/2016
£10,000 (2)
19/09/2025 (18/09/2030)
Uppers
Residential
Not Measured
GUNSHIP LIMITED (IN RECEIVERSHIP)
99 years from 29/05/2008
-
(28/05/2107
Totals
83.06 sq m
(894 sq ft)
£21,500
(1) Warminster Jewellers are Warminster’s longest established fine Jewellers (Source: www.thewarminsterjeweller.co.uk 09/06/2016) (2) For the purpose of clarification, the tenant is currently benefiting from a rent free period due to expire on 18th September 2016. The seller has agreed to adjust the completion monies so that the property effectively produces £21,500 p.a.x. from completion of the sale.