Job Centre Plus
50 - 52 East Street
Blandford Forum
Dorset
DT11 7UE

Freehold Job Centre Investment

  • Let to Secretary of State for Communities and Local Government
  • Renewed 10 year lease from April 2018 (subject to option)
  • Tenant in occupation for over 35 years
  • Prominent position opposite Boots the Chemist and Prezzo
  • VAT-free investment
  • Attractive and affluent Georgian market town
  • Lot
    22
  • Auction
    07/Dec/2017
  • Rent
    £47,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £770,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • Job Centre Plus<br>50 - 52 East Street<br>Blandford Forum<br>Dorset<br>DT11 7UE
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Property Information

Location
Miles
14 miles north-west 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 situated in a good trading location on the northern side of East Street, opposite Boots the Chemist, Prezzo and M&Co. The adjoining property has recently been redeveloped to form four shops with tenants including Domino’s and Specsavers.

Tenure

Freehold.

Description

The property comprises a ground floor retail area with the first floor providing offices and ancillary accommodation. There is car parking to the rear for six cars, approached from Sheep Market Hill.

VAT

VAT is not 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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
First
Retail/Ancillary
Offices/Ancillary
195.84 sq m
86.59 sq m
(2,108 sq ft)
(932 sq ft)
SECRETARY OF STATE
FOR COMMUNITIES
AND LOCAL
GOVERNMENT
t/a Job Centre Plus
10 years from
01/04/2018 until
31/03/2028 (1) on a
full repairing and
insuring lease
£47,50001/04/2023
Totals
282.43 sq m
(3,040 sq ft)
  £47,500 

(1) The current lease is for a term of 10 years expiring 31st March 2018, at a rent of £29,000 per annum. A new lease has been completed for a term of 10 years, from 1st April 2018 until 31st March 2028, subject to a rent review and tenant option to determine on 1st April 2023. The Vendor has agreed to adjust the completion monies so that the property effectively produces £47,500 p.a.x. from completion of the sale.

Property Documents

  • Site Plan
    Updated Date
    14.11.17
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    765 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 0207 216 5591k.chapman@druces.com

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