42 - 44 High Street Weston-Super-Mare Avon BS23 1JA

42 - 44 High Street
Weston-Super-Mare
Avon
BS23 1JA

Freehold Retail Investment

Let to WH Smith Retail Holdings Limited on a new renewed lease
WH Smith has occupied the property since at least 1952
Prime double-frontage unit on busy pedestrianised High Street
Approximately 50m from the Sovereign Shopping Centre
Opposite Marks & Spencer and close to Boots the Chemist, Superdrug and HSBC
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
54
Auction
22nd October 2015
Rent
£111,500 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to WH Smith Retail Holdings Limited on a new renewed lease
WH Smith has occupied the property since at least 1952
Prime double-frontage unit on busy pedestrianised High Street
Approximately 50m from the Sovereign Shopping Centre
Opposite Marks & Spencer and close to Boots the Chemist, Superdrug and HSBC
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 54
Auction 22nd October 2015
Rent £111,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
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

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

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)