70B & 70D High Street Honiton Devon EX14 1PD

70B & 70D High Street
Honiton
Devon
EX14 1PD

Residential Investment

Ground floor let to Boots UK Limited
Includes a three bedroom maisonette let on an AST
Chemists have been in occupation of this site for over 30 years
Attractive and affluent Devon market town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
51
Auction
8th December 2016
Rent
£20,650 per Annum Exclusive
Status
Sold
Price
£290,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Residential Investment

Ground floor let to Boots UK Limited
Includes a three bedroom maisonette let on an AST
Chemists have been in occupation of this site for over 30 years
Attractive and affluent Devon market town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 51
Auction 8th December 2016
Rent £20,650 per Annum Exclusive
Status Sold
Price £290,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 18 miles north-east of Exeter,18 miles south of Taunton
Roads: A30, A35, M5 (Junction 29)
Rail: Honiton Railway Station
Air: Exeter International Airport

Situation

Honiton is an attractive and affluent Devon market town located just off the A30, 18 miles north-east of Exeter. The property is situated in the heart of the town centre on the south side of the
High Street. Nearby occupiers include WH Smith, Costa, Specsavers, Budgens, HSBC and Lloyds Bank.

Tenure

Freehold.

Location

Miles: 18 miles north-east of Exeter,18 miles south of Taunton
Roads: A30, A35, M5 (Junction 29)
Rail: Honiton Railway Station
Air: Exeter International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit currently used as a pharmacy with a self-contained three bedroom maisonette on the first and second floors, accessed from the High Street. Boots
occupy the adjoining property known as No. 70A High Street which does not form part of the sale. Additionally the property benefits from a rear yard.

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

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
70B	Ground	Retail/Ancillary	65.03 sq m	(700 sq ft)	BOOTS UK LIMITED (1)	5 years from 29/09/2015	£13,750	28/09/2020
70D	First & Second	Residential	Three bedroom maisonette		INDIVIDUALS	AST - 6 months from 29/03/2014	£6,900	Holding Over
Total Commercial Area			65.03 sq m	(700 sq ft)			£20,650

(1) For the year ending 31st August 2015, Boots UK Limited reported a turnover of £9,198,000,000, pre-tax profits of £542,000,000 and a total net worth of £367,000,000 (Source: Experian Group 08/11/2016).