5 - 7a Salisbury Street
Blandford Forum
Dorset
DT11 7AU

Freehold Retail and Office Investment

  • 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
    07/Dec/2017
  • Rent
    £42,500 per Annum Exclusive
  • 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
Important Property Update
  • 5 - 7a Salisbury Street<br>Blandford Forum<br>Dorset<br>DT11 7AU
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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.

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

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 advisable. For more information, please click here.

Tenancy & Accomodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
5

7A
Ground
First (Rear)
First (Front)
Second
(Front)
Retail
Ancillary
Office
Office
214.97 sq m
51.37 sq m
121.79 sq m
71.90 sq m
(2,314 sq ft)
(553 sq ft)
(1,311 sq ft)
(774 sq ft)
BOURNEMOUTH
COFFEE COMPANY
LIMITED (1)
t/a Costa Coffee (2)
10 years
from
09/07/2010
£42,50008/07/2020
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).

Property Documents

  • Site Plan
    Updated Date
    14.11.17
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    779 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Gowling WLG Two Snowhill
Birmingham
B4 6WR
Heather Manning 0121 393 0806heather.manning@gowlingwlg.com

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