106 High Street Poole Dorset BH15 1DE

106 High Street
Poole
Dorset
BH15 1DE

Freehold Retail Investment

Let to Baleday Limited until 2026 (no breaks)
Attractive former bank in affluent Dorset town
Pedestrianised location close to Yates, McDonald’s and Iceland
VAT-free investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
40
Auction
10th December 2015
Status
Sold
Price
£714,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Baleday Limited until 2026 (no breaks)
Attractive former bank in affluent Dorset town
Pedestrianised location close to Yates, McDonald’s and Iceland
VAT-free investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 40
Auction 10th December 2015
Status Sold
Price £714,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 5 miles west of Bournemouth, 29 miles south-west of Southampton
Roads: A31, A35, M27
Rail: Poole Railway Station
Air: Southampton Airport

Situation

The property is situated in a prominent location on the western side of the pedestrianised High Street, at its junction with Hill Street and south of Chapel Lane. Nearby occupiers include Yates Public House, McDonald’s, Iceland, Peacocks, Robert Dyas and Greggs.

Tenure

Freehold.

Location

Miles: 5 miles west of Bournemouth, 29 miles south-west of Southampton
Roads: A31, A35, M27
Rail: Poole Railway Station
Air: Southampton Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail (amusement arcade) accommodation, with ancillary accommodation on basement and first floors.

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 not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not 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	Reviews
Ground Basement First	Retail/Ancillary Ancillary (restricted access) Ancillary	118.00 sq m - 61.50 sq m	(1,270 sq ft) - (662 sq ft)	BALEDAY LIMITED (1) (t/a Cashino)	15 years from 25/11/2011 until 24/11/2026 on a full repairing and insuring lease	£55,000	25/11/2016 and 25/11/2021
Total Commercial Area		179.50 sq m	(1,932 sq ft)			£55,000

(1) For the year ending 31st December 2014, Baleday Limited reported a turnover of £26,298,000, pre-tax profits of £3,012,000 and a total net worth of £2,206,000, a part of Praespe Holdings Limited (Source: Experian Group 11/11/2015).