Wyevale Garden Centre
229 Wimborne Road West
Ferndown, Wimborne
Dorset
BH21 2DN

Freehold Garden Centre Investment

  • Let to Wyevale Garden Centres Holdings Ltd until 31st August 2030 (no breaks)
  • RPI linked Rent Review in 2020 and 5 yearly (3)
  • Substantial 2.4 acre site providing future development potential (subject to consents)
  • Rent rising to minimum of £142,640 in 2020 (3)
  • Lot
    6
  • Auction
    14/Feb/2019
  • Rent
    £130,110 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,855,000
  • Sector
    Retail Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important Auction & Property Update
  • Wyevale Garden Centre<br>229 Wimborne Road West<br>Ferndown, Wimborne<br>Dorset<br>BH21 2DN
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* More information on the term "price" can be found here

Property Information

Location
Miles
8 miles north of Bournemouth
27 miles west of Southampton
Roads
A31, A348
Rail
Bournemouth Rail
Air
Bournemouth Airpor
Situation

The property is situated on the northern side of Wimborne Road West between Wimborne and Ferndown, just off the A31 which links Dorset with Surrey. The property benefits from being within a predominantly residential area and is located to the west of the Ferndown and Uddens Industrial Estates, which form the largest industrial area in East Dorset.

Tenure

Freehold.

Description

The property comprises a purpose built garden centre of steel frame construction, providing a large internal retail area with soft play area and restaurant, as well as an external retail area for horiticultural products. Concessions, including Fairy Chic Emporium and Pets Corner, are operated within the property, with Maidenhead Aquatics based within a separate building to the eastern corner of the site. The property benefits from a total site area of 2.4 acres, providing future development potential (subject to consents).

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
GroundGarden Centre/
Ancillary
1,600.51 sq m
(17,228 sq ft)
WYEVALE
GARDEN
CENTRES
HOLDINGS
LIMITED (1) (2)
20 years from
01/09/2010 until
31/08/2030 on a full
insuring and repairing
lease
£130,110RPI linked
reviews on
01/09/2020 and
01/09/2025 (3)
Total
1,600.51 sq m
(17,228 sq ft)
  £130,110 rising to minimum
of £142,640 in 2020 (3)
 

(1) Set up in 1932, Wyevale is the biggest garden centre retailer in the UK, with over 100 garden centres. Wyevale Garden Centres vision is to become the leading destination for garden, home and leisure (Source: www.wyevalegardencentres.co.uk 17/01/2019).
(2) It is understood that concessions operated within the property include Pets Corner (UK) Limited, Maidenhead Aquatics 4 LLP and Fairy Chic Emporium. We understand that as at November 2017, these produced an income for the tenant of approximately £71,364 p.a. plus turnover rents. Please note, however, that as these concessions do not have a direct relationship with the seller, neither Acuitus nor the seller can offer any warranty with regard to this information and accept no liability for any inaccuracies. Please refer to the legal pack for further information.
(3) Rent reviews are linked to RPI and capped at 3.5% per annum exclusive. Based on the most recent RPI figures, the rent will rise to a minimum £142,640 p.a.x. at the 2020 review.

Property Documents

  • Site Plan
    Updated Date
    22.01.19
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Bryan Cave Leighton Paisner LLP St Magnus House, 3 Lower Thames Street
London
EC3R 6HE
Will Hammon 0203 400 4162will.hammon@bclplaw.com

Useful Links

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