Let to Bournemouth Coffee Company Limited t/a Costa Coffee
Attractive and affluent Georgian market town
Nearby occupiers include Boots the Chemist, Thorntons, Iceland, WH Smith and Barclays Bank
Residential development potential (subject to consents)
Lot 4
Auction 7th December 2017
Rent
Status Sold
Price £490,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Trustees
Property Information
Location
Miles
14 miles north-west of Poole, 19 miles north-west of Bournemouth, 24 miles south-west of Salisbury
Roads
A31, A35, A350, A354
Rail
Poole Railway Station
Air
Bournemouth Airport
Situation
Blandford Forum is an affluent and attractive Georgian market town. The property is prominently situated on the west side of Salisbury Street, close to its junction with Market Place in the heart of the town centre. Nearby occupiers include Boots the Chemist, Thorntons, Iceland, WH Smith and Barclays Bank.
Tenure
Freehold.
Location
Miles
14 miles north-west of Poole, 19 miles north-west of Bournemouth, 24 miles south-west of Salisbury
Roads
A31, A35, A350, A354
Rail
Poole Railway Station
Air
Bournemouth Airport
Situation
Blandford Forum is an affluent and attractive Georgian market town. The property is prominently situated on the west side of Salisbury Street, close to its junction with Market Place in the heart of the town centre. Nearby occupiers include Boots the Chemist, Thorntons, Iceland, WH Smith and Barclays Bank.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation on first floor at the rear of the property. The first floor (front) and second floor comprise self-contained office accommodation and are accessed via a dedicated entrance from Salisbury Street. In addition, there is a small parcel of land towards the rear of the property which does not form part of the Bournemouth Coffee Co. lease.
VAT
VAT is 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 a ground floor retail unit with ancillary accommodation on first floor at the rear of the property. The first floor (front) and second floor comprise self-contained office accommodation and are accessed via a dedicated entrance from Salisbury Street. In addition, there is a small parcel of land towards the rear of the property which does not form part of the Bournemouth Coffee Co. lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
BOURNEMOUTH COFFEE COMPANY LIMITED (1) t/a Costa Coffee (2)
10 years from 09/07/2010
£42,500
08/07/2020
Totals
470.03 sq m
(4,952 sq ft)
£42,500
(1) Bournemouth Coffee Co is a franchisee of Costa Coffee. (2) Costa Coffee is part of the Whitbread Group and is the largest and fastest growing coffee shop chain in the UK (Source: www.costa.co.uk 9/11/2017).