36 - 38 Fore Street Bodmin Cornwall PL31 2HL

  • 36 - 38 Fore Street<br>Bodmin<br>Cornwall<br>PL31 2HL

36 - 38 Fore Street
Bodmin
Cornwall
PL31 2HL

Freehold Retail Investment

  • Entirely let to WHSmith Retail Holdings Limited
  • New 5 year lease (renewal) from March 2017 (subject to option)
  • Tenant in occupation since at least 2002 (approx. 16 years)
  • Prime trading location adjacent to Boots the Chemist and opposite Costa
  • Popular Cornish market town
  • Lot
    48
  • Auction
    24th May 2018
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £305,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Entirely let to WHSmith Retail Holdings Limited
  • New 5 year lease (renewal) from March 2017 (subject to option)
  • Tenant in occupation since at least 2002 (approx. 16 years)
  • Prime trading location adjacent to Boots the Chemist and opposite Costa
  • Popular Cornish market town
  • Lot 48
  • Auction 24th May 2018
  • Rent £30,000 per Annum Exclusive
  • Status Sold
  • Price £305,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
24 miles north-west of Plymouth, 50 miles west of Torquay
Roads
A30, A389
Rail
Bodmin Parkway Railway Station
Air
Newquay Airport
Situation

The property is situated in a prime trading location on the southern side of Fore Street, the town’s principal retailing thoroughfare. Nearby occupiers include the adjacent Boots the Chemist, with Costa, Millets, Superdrug and Iceland close by. Other nearby occupiers include Superdrug, Iceland and Holland & Barrett. Dennison Road public car park is approximately 100 metres away, providing car parking for over 60 cars.

Tenure

Freehold.

Location
Miles
24 miles north-west of Plymouth, 50 miles west of Torquay
Roads
A30, A389
Rail
Bodmin Parkway Railway Station
Air
Newquay Airport
Situation

The property is situated in a prime trading location on the southern side of Fore Street, the town’s principal retailing thoroughfare. Nearby occupiers include the adjacent Boots the Chemist, with Costa, Millets, Superdrug and Iceland close by. Other nearby occupiers include Superdrug, Iceland and Holland & Barrett. Dennison Road public car park is approximately 100 metres away, providing car parking for over 60 cars.

Tenure

Freehold.

Description

The property comprises a ground floor shop with separately accessed accommodation (not in use) on the first and second floors.

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 ground floor shop with separately accessed accommodation (not in use) on the first and second floors.

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 Reversion
Ground
First/Second		 Retail/Ancillary
-
239.40 sq m
-
(2,577 sq ft)
(-)
 WH SMITH RETAIL HOLDINGS LIMITED (1)
t/a WHSmith		 5 years from 25/03/2017 on a
full repairing and insuring lease (2)		 £30,000 24/03/2022
Total
239.40 sq m
(2,577 sq ft)
     £30,000  

(1) For the year ending 31st August 2017, WH Smith Retail Holdings Limited reported a turnover of £181,024,000, pre-tax profits of £67,219,000 and a total net worth of £449,954,000 (Source: Experian Group 26/04/2018).
(2) The lease is subject to a tenant option to determine on 24/03/2020. The lease is full repairing and insuring, subject to a Schedule of Condition.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Freemans Solicitors 22 Upper Woburn Place
London
WC1H 0HW
Howard Freeman 020 7935 3522hf@freemanssolicitors.net

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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