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).
