Job Centre Plus 50 - 52 East Street Blandford Forum Dorset DT11 7UE

  • Job Centre Plus<br>50 - 52 East Street<br>Blandford Forum<br>Dorset<br>DT11 7UE

Job Centre Plus
50 - 52 East Street
Blandford Forum
Dorset
DT11 7UE

Freehold Job Centre Investment

  • Let to Secretary of State for Communities and Local Government
  • Renewed 10 year lease from April 2018 (subject to option)
  • Tenant in occupation for over 35 years
  • Prominent position opposite Boots the Chemist and Prezzo
  • VAT-free investment
  • Attractive and affluent Georgian market town
  • Lot
    22
  • Auction
    7th December 2017
  • Rent
    £47,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £770,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Job Centre Investment

  • Let to Secretary of State for Communities and Local Government
  • Renewed 10 year lease from April 2018 (subject to option)
  • Tenant in occupation for over 35 years
  • Prominent position opposite Boots the Chemist and Prezzo
  • VAT-free investment
  • Attractive and affluent Georgian market town
  • Lot 22
  • Auction 7th December 2017
  • Rent £47,500 per Annum Exclusive
  • Status Sold
  • Price £770,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
14 miles north-west Poole, 19 miles north-west of Bournemouth, 24 miles south-west of Salisbury
Roads
A31, A35, A350, A354
Rail
Poole Railway Station
Air
Bournemouth Airport
Situation

Blandford Forum is an affluent and attractive Georgian market town. The property is situated in a good trading location on the northern side of East Street, opposite Boots the Chemist, Prezzo and M&Co. The adjoining property has recently been redeveloped to form four shops with tenants including Domino’s and Specsavers.

Tenure

Freehold.

Location
Miles
14 miles north-west Poole, 19 miles north-west of Bournemouth, 24 miles south-west of Salisbury
Roads
A31, A35, A350, A354
Rail
Poole Railway Station
Air
Bournemouth Airport
Situation

Blandford Forum is an affluent and attractive Georgian market town. The property is situated in a good trading location on the northern side of East Street, opposite Boots the Chemist, Prezzo and M&Co. The adjoining property has recently been redeveloped to form four shops with tenants including Domino’s and Specsavers.

Tenure

Freehold.

Description

The property comprises a ground floor retail area with the first floor providing offices and ancillary accommodation. There is car parking to the rear for six cars, approached from Sheep Market Hill.

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 ground floor retail area with the first floor providing offices and ancillary accommodation. There is car parking to the rear for six cars, approached from Sheep Market Hill.

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
Ground
First		 Retail/Ancillary
Offices/Ancillary
195.84 sq m
86.59 sq m
(2,108 sq ft)
(932 sq ft)
 SECRETARY OF STATE
FOR COMMUNITIES
AND LOCAL
GOVERNMENT
t/a Job Centre Plus		 10 years from
01/04/2018 until
31/03/2028 (1) on a
full repairing and
insuring lease		 £47,500 01/04/2023
Totals
282.43 sq m
(3,040 sq ft)
     £47,500  

(1) The current lease is for a term of 10 years expiring 31st March 2018, at a rent of £29,000 per annum. A new lease has been completed for a term of 10 years, from 1st April 2018 until 31st March 2028, subject to a rent review and tenant option to determine on 1st April 2023. The Vendor has agreed to adjust the completion monies so that the property effectively produces £47,500 p.a.x. from completion of the sale.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 0207 216 5591k.chapman@druces.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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