Let to Caversham Trading Limited (t/a Brighthouse)
May 2017 tenant break option removed
Prominent location on pedestrianised High Street
Dolphin Shopping Centre nearby with retailers including Marks & Spencer, Boots the Chemist and Primark
Other nearby occupiers include Sainsbury's Supermarket, JD Wetherspoon and Superdrug
VAT-free investment in prosperous Dorset town
Lot 36
Auction 19th October 2017
Rent £90,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The 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 on the western side of the pedestrianised High Street, less than 100m from The Dolphin Shopping Centre. The Dolphin Shopping Centre benefits from retailers including Marks & Spencer, Boots the Chemist, Primark, River Island and Next. Other nearby retailers include Sainsbury's Supermarket, JD Wetherspoon, Superdrug and Starbucks, with Iceland, Peacocks and Poundland also represented within the town.
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
The property is situated on the western side of the pedestrianised High Street, less than 100m from The Dolphin Shopping Centre. The Dolphin Shopping Centre benefits from retailers including Marks & Spencer, Boots the Chemist, Primark, River Island and Next. Other nearby retailers include Sainsbury's Supermarket, JD Wetherspoon, Superdrug and Starbucks, with Iceland, Peacocks and Poundland also represented within the town.
Tenure
Freehold.
Description
The property comprises a large regular shaped ground floor shop with further retail and ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a large regular shaped ground floor shop with further retail and ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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
Review/ (Reversion)
Ground Part First Part First
Retail Retail Ancillary
256.20 sq m 156.30 sq m 79.75 sq m
(2,758 sq ft) (1,682 sq ft) (858 sq ft)
CAVERSHAM TRADING LIMITED (1) t/a Brighthouse
10 years from 25/05/2012 on a full repairing and insuring lease
£90,000
(24/05/2022)
Total
492.23 sq m
(5,298 sq ft)
£90,000
(1) For the year ending 31st March 2016, Caversham Trading Limited reported a turnover of £67,282,000, pre-tax profits of £4,579,000 and a total net worth of £59,973,000. With over 270,000 customers, Brighthouse is the UK's leading rent-to-own retail chain, providing quality branded home electronics, domestic appliances and household furniture to customers on weekly payments. They currently trade from over 300 stores nationwide (Sources: Experian Group and www.brighthouse.co.uk 20/09/2017).
