Prominent position on Torquay’s prime retail thoroughfare
Neighbouring occupiers include Primark, H&M, WH Smith, H Samuel, JD Sports and River Island
Lot 10
Auction 24th May 2018
Rent £152,500 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Status Withdrawn Post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
22 miles south of Exeter, 32 miles east of Plymouth, 85 miles south of Bristol
Roads
A380, A38, A385, M5
Rail
Torquay Railway Station
Air
Exeter International Airport
Situation
The property is prominently situated in a strong retailing position on the east side of pedestrianised Union Street, the town’s prime retail thoroughfare. Neighbouring occupiers include Primark, H&M, WH Smith, H Samuel, JD Sports and River Island.
Tenure
Freehold.
Location
Miles
22 miles south of Exeter, 32 miles east of Plymouth, 85 miles south of Bristol
Roads
A380, A38, A385, M5
Rail
Torquay Railway Station
Air
Exeter International Airport
Situation
The property is prominently situated in a strong retailing position on the east side of pedestrianised Union Street, the town’s prime retail thoroughfare. Neighbouring occupiers include Primark, H&M, WH Smith, H Samuel, JD Sports and River Island.
Tenure
Freehold.
Description
The property comprises ground and first floor retail accommodation with ancillary accommodation on the second floor. The property benefits from rear access via Pimlico.
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 ground and first floor retail accommodation with ancillary accommodation on the second floor. The property benefits from rear access via Pimlico.
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
Reviews
Ground First Second
Retail/Ancillary Retail/Ancillary Ancillary
479.92 sq m 224.45 sq m 204.29 sq m
(5,166 sq ft) (2,416 sq ft) (2,199 sq ft)
WATERSTONES BOOKSELLERS LIMITED (1)
Approximately 31 years & 10 months from 09/05/2014 until 27/03/2046 on a full repairing and insuring lease
£152,500
25/03/2018 and 25/03/2032
Total
908.66 sq m
(9,781 sq ft)
£152,500
(1) For the year ending 29th April 2017, Waterstones Booksellers Limited reported a turnover of £387,973,000, a pre-tax profit of £19,157,000 and a total net worth of £1,756,000 (Source: Experian Group 12/4/2018). Waterstones currently trade from over 280 stores nationwide. Waterstones have recently been acquired by US Hedge Fund, Elliot Advisors.