Let to L Rowland & Co (Retail) Ltd t/a Rowlands Pharmacy until 2023 (no breaks)
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
Lot 55
Auction 18th October 2018
Rent £55,000 per Annum Exclusive
Status Sold
Price £625,000
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, 100m from The Dolphin Shopping Centre with occupiers including Marks & Spencer, Boots the Chemist, Primark, River Island and Next. Other nearby retailers include Sainsbury’s, 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, 100m from The Dolphin Shopping Centre with occupiers including Marks & Spencer, Boots the Chemist, Primark, River Island and Next. Other nearby retailers include Sainsbury’s, JD Wetherspoon, Superdrug and Starbucks, with Iceland, Peacocks and Poundland also represented within the town.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
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 First
Retail Ancillary
96.7 sq m 43.2 sq m
(1,041 sq ft) (465 sq ft)
L ROWLAND & CO (RETAIL) LTD t/a Rowlands Pharmacy (1)
15 years from 31/7/2008 on a full repairing and insuring lease
£55,000
31/07/2018 (31/07/2023)
Total
139.9 sq m
(1,506 sq ft)
£55,000
(1) Rowlands Pharmacy operates from over 500 pharmacies nationwide.
