Booker Wholesale 17 Searle Crescent, Winterstoke Road Weston-Super-Mare Somerset BS23 3YX

Booker Wholesale
17 Searle Crescent, Winterstoke Road
Weston-Super-Mare
Somerset
BS23 3YX

Well Secured Freehold Wholesale Warehouse Investment

  • Let to Booker Limited (now a part of Tesco Plc) until September 2028 with no breaks
  • Totalling approx. 2,404.80 sq m (25,885 sq ft)
  • Approximate site area of 0.67 hectares (1.65 acres), low site coverage of 36%
  • Established location with nearby occupiers including Waitrose, Asda, Next, Travis Perkins, Majestic Wine, Dunelm, Halfords and McDonald’s
  • Excellent EPC rating of B - 49
  • Lot
    11
  • Auction
    24th May 2018
  • Rent
    £106,250 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Retail Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
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* More information on the term "guide" can be found here

Well Secured Freehold Wholesale Warehouse Investment

  • Let to Booker Limited (now a part of Tesco Plc) until September 2028 with no breaks
  • Totalling approx. 2,404.80 sq m (25,885 sq ft)
  • Approximate site area of 0.67 hectares (1.65 acres), low site coverage of 36%
  • Established location with nearby occupiers including Waitrose, Asda, Next, Travis Perkins, Majestic Wine, Dunelm, Halfords and McDonald’s
  • Excellent EPC rating of B - 49
  • Lot 11
  • Auction 24th May 2018
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Retail Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
20 miles south-west of Bristol, 30 miles west of Bath, 30 miles north of Taunton
Roads
A370, M5 (Junction 21)
Rail
Weston-super-Mare Railway Station, Weston Milton Railway Station
Air
Bristol Airport
Situation

Weston-super-Mare is a popular tourist destination located 20 miles south-west of Bristol and benefits from excellent road communications being situated on the A370, which provides access to junction 21 of the M5. The property is situated on the north side of Searle Crescent, off Herluin Way (A370) in an established retail warehouse location. Nearby occupiers include Peugeot, Toyota, Waitrose, Asda, Next, Travis Perkins, Majestic Wine, Dunelm, Halfords, Iceland and McDonald’s.

Tenure

Freehold.

Location
Miles
20 miles south-west of Bristol, 30 miles west of Bath, 30 miles north of Taunton
Roads
A370, M5 (Junction 21)
Rail
Weston-super-Mare Railway Station, Weston Milton Railway Station
Air
Bristol Airport
Situation

Weston-super-Mare is a popular tourist destination located 20 miles south-west of Bristol and benefits from excellent road communications being situated on the A370, which provides access to junction 21 of the M5. The property is situated on the north side of Searle Crescent, off Herluin Way (A370) in an established retail warehouse location. Nearby occupiers include Peugeot, Toyota, Waitrose, Asda, Next, Travis Perkins, Majestic Wine, Dunelm, Halfords, Iceland and McDonald’s.

Tenure

Freehold.

Description

The property comprises a detached single storey warehouse with mezzanine totalling approximately
2,404.80 sq m (25,885 sq ft). The warehouse benefits from an eaves height of 6.75m, a 4m loading door and on-site car parking for approximately 55 cars. The site extends to 0.67 hectares (1.65 acres), providing a low site coverage of 36%.

VAT

VAT is 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 detached single storey warehouse with mezzanine totalling approximately
2,404.80 sq m (25,885 sq ft). The warehouse benefits from an eaves height of 6.75m, a 4m loading door and on-site car parking for approximately 55 cars. The site extends to 0.67 hectares (1.65 acres), providing a low site coverage of 36%.

VAT

VAT is 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
Mezzanine
Warehouse/Ancillary
Ancillary
2,337.32 sq m
67.48 sq m
(25,159 sq ft)
(726 sq ft)
BOOKER
LIMITED (1)
15 years from
17/09/2013 until
16/09/2028 on a
full repairing and
insuring lease
£106,250 17/09/2018
&
17/09/2023
Total
2,404.80 sq m
(25,885 sq ft)
    £106,250  

(1) Booker Group is the UK’s leading food wholesaler. Tesco Plc has recently completed its acquisition of Booker Group to create the UK’s largest food group. For the year ending 24th March 2017, Booker Limited reported a turnover of £3,700,500,000, pre-tax profits of £128,000,000 and a total net worth of £611,800,000 (Source: Experian Group 17/04/2018).

Property Documents

  • Site Plan
    Updated Date
    02.05.18
    File Size
    673 KB
    View PDF
  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Thrings LLP The Paragon, Counterslip
Bristol
Avon
BS1 6BX
Robert Barnes 0117 930 9537rbarnes@thrings.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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