Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
22 miles south-west of Bristol, 58 miles south-west of Cheltenham, 60 miles west of Swindon
Roads
A371, M5
Rail
Weston-Super-Mare Railway Station
Air
Bristol Airport
Situation
The property is situated in a prime position on the pedestrianised and busy High Street some 50 metres from the Sovereign Shopping Centre. Nearby occupiers include Marks & Spencer directly opposite, Boots the Chemist, Superdrug, Costa Coffee and HSBC Bank.
Tenure
Freehold.
Location
Miles
22 miles south-west of Bristol, 58 miles south-west of Cheltenham, 60 miles west of Swindon
Roads
A371, M5
Rail
Weston-Super-Mare Railway Station
Air
Bristol Airport
Situation
The property is situated in a prime position on the pedestrianised and busy High Street some 50 metres from the Sovereign Shopping Centre. Nearby occupiers include Marks & Spencer directly opposite, Boots the Chemist, Superdrug, Costa Coffee and HSBC Bank.
Tenure
Freehold.
Description
The property comprises retail and ancillary accommodation on the ground floor and ancillary accommodation on the first and second floors. The property benefits from a separate access via High Street and rear access via North Street.
Six Week Completion
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 retail and ancillary accommodation on the ground floor and ancillary accommodation on the first and second floors. The property benefits from a separate access via High Street and rear access via North Street.
Six Week Completion
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
660.47 sq m 215.72 sq m 23.77 sq m
(7,109 sq ft) (2,322 sq ft) (256 sq ft)
WH SMITH RETAIL HOLDINGS LIMITED (1)
5 years from 17/07/2015 on a full repairing and insuring lease
£111,500
17/07/2020
Totals
899.96 sq m
(9,687 sq ft)
£111,500
(1) For the year ending 31/08/2014, WH Smith Retail Holdings Limited reported a turnover of £164,447,000, pre-tax profits of £105,938,000 and a total net worth of £466,645,000. (Source: www.experian.co.uk 10/09/2015)