4 / 5 Cornhill Bridgwater Somerset TA6 3BU

  • 4 / 5 Cornhill<br>Bridgwater<br>Somerset<br>TA6 3BU

4 / 5 Cornhill
Bridgwater
Somerset
TA6 3BU

Freehold Retail Investment

  • Let to Poundland Limited
  • Town centre location
  • Excellent trading position opposite Prezzo and The Cornhill Indoor Market
  • Nearby occupiers include Costa Coffee, Prezzo and Sports Direct
  • VAT-free investment
  • High yielding on Guide Price
  • Lot
    29
  • Auction
    5th December 2018
  • Rent
    £70,000 per Annum
  • Status
    Sold
  • Price
    £425,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Let to Poundland Limited
  • Town centre location
  • Excellent trading position opposite Prezzo and The Cornhill Indoor Market
  • Nearby occupiers include Costa Coffee, Prezzo and Sports Direct
  • VAT-free investment
  • High yielding on Guide Price
  • Lot 29
  • Auction 5th December 2018
  • Rent £70,000 per Annum
  • Status Sold
  • Price £425,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
18 miles south of Weston-super-Mare, 34 miles south-west of Bristol
Roads
A38, A39, M5
Rail
Bridgwater Station
Air
Bristol Airport
Situation

The property is located in a prominent location on the southern side of Cornhill, close to its junction with the pedestrianised Fore Street, Bridgwater’s principal retailing thoroughfare. The property is located opposite Prezzo and the Cornhill Indoor Market, with other nearby occupiers including Costa Coffee, WHSmith, The Edinburgh Woollen Mill and Sports Direct, with Boots the Chemist, Superdrug, Iceland and Peacocks also represented close by in the town.

Tenure

Freehold.

Location
Miles
18 miles south of Weston-super-Mare, 34 miles south-west of Bristol
Roads
A38, A39, M5
Rail
Bridgwater Station
Air
Bristol Airport
Situation

The property is located in a prominent location on the southern side of Cornhill, close to its junction with the pedestrianised Fore Street, Bridgwater’s principal retailing thoroughfare. The property is located opposite Prezzo and the Cornhill Indoor Market, with other nearby occupiers including Costa Coffee, WHSmith, The Edinburgh Woollen Mill and Sports Direct, with Boots the Chemist, Superdrug, Iceland and Peacocks also represented close by in the town.

Tenure

Freehold.

Description

The property comprises a large well-configured ground floor shop with first floor ancillary accommodation. The property benefits from rear loading.

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 large well-configured ground floor shop with first floor ancillary accommodation. The property benefits from rear loading.

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
Ground
First		 Retail/Ancillary
Ancillary
438.31 sq m
329.41 sq m
(4,718 sq ft)
(3,546 sq ft)
 POUNDLAND
LIMITED (1)		 15 years from 13/05/2005
on a full repairing and
insuring lease		 £70,000
Total
767.72 sq m
(8,264 sq ft)
     £70,000

(1) Poundland Limited has been trading since 1990 in the UK and now operates across over 700 stores in the UK and over 60 stores in the Republic of Ireland (Source:
ww.poundland.co.uk 02/11/2018).

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Bude Nathan Iwanier 1 - 2 Temple Fortune Parade
London
NW11 0QN 0208 458 5065
Booky Dubiner 0208 458 5656bd@bnilaw.co.uk

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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