19 Fore Street Bridgwater Somerset TA6 3NH

  • 19 Fore Street<br>Bridgwater<br>Somerset<br>TA6 3NH

19 Fore Street
Bridgwater
Somerset
TA6 3NH

Freehold Retail Investment

  • Let to Superdrug Stores plc on a lease renewal
  • Re-based rent from 2014
  • Tenant in occupation since at least 1999
  • Prime pedestrianised town centre location
  • Nearby occupiers include Boots the Chemist, WH Smith, Sports Direct, New Look, Costa and The Carphone Warehouse
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    59
  • Auction
    10th December 2015
  • Rent
    £45,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £552,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE
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Freehold Retail Investment

  • Let to Superdrug Stores plc on a lease renewal
  • Re-based rent from 2014
  • Tenant in occupation since at least 1999
  • Prime pedestrianised town centre location
  • Nearby occupiers include Boots the Chemist, WH Smith, Sports Direct, New Look, Costa and The Carphone Warehouse
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 59
  • Auction 10th December 2015
  • Rent £45,000 per Annum Exclusive
  • Status Sold
  • Price £552,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
11 miles north-east of Taunton, 15 miles west of Glastonbury, 30 miles south-west of Bristol
Roads
A38, A39, M5 (Junctions 23 & 24)
Rail
Bridgwater Railway Station
Air
Bristol Airport
Situation

The property is prominently situated in a prime pedestrianised retailing position on the south side of Fore Street. Nearby occupiers include Boots the Chemist, WH Smith, Sports Direct, New Look,
Costa and The Carphone Warehouse. The Angel Place Shopping Centre is also located close by, housing retailers including Wilko, Iceland, Peacocks and Poundland.

Tenure

Freehold.

Location
Miles
11 miles north-east of Taunton, 15 miles west of Glastonbury, 30 miles south-west of Bristol
Roads
A38, A39, M5 (Junctions 23 & 24)
Rail
Bridgwater Railway Station
Air
Bristol Airport
Situation

The property is prominently situated in a prime pedestrianised retailing position on the south side of Fore Street. Nearby occupiers include Boots the Chemist, WH Smith, Sports Direct, New Look,
Costa and The Carphone Warehouse. The Angel Place Shopping Centre is also located close by, housing retailers including Wilko, Iceland, Peacocks and Poundland.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors. We understand the tenant does not currently use the second floor. The property benefits from a goods lift and rear access via George Street.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 ground floor retail accommodation with ancillary accommodation on the first and second floors. We understand the tenant does not currently use the second floor. The property benefits from a goods lift and rear access via George Street.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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
426.87 sq m
282.51 sq m
84.17 sq m
(4,595 sq ft)
(3,041 sq ft)
(906 sq ft)
 SUPERDRUG
STORES PLC (1)		 5 years from 17/04/2014
on a full repairing and
insuring lease (2)		 £45,000 16/04/2019
Totals  
793.55 sq m
(8,542 sq ft)
     £45,000

(1) For the year ending 27/12/2014, Superdrug Stores plc reported a turnover of £1,058,047,000, pre-tax profits of £38,044,000 and a total net worth of £138,513,000. (Source: Experian Group 09/11/2015)
(2)The lease provides for a tenant option to determine on 16th April 2017.

Contacts

Seller's Solicitors
DLA Piper LLP Princes Exchange, Princes Square
Leeds
LS1 4BY
Lizzy Wood 0113 369 2485elizabeth.wood@dlapiper.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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