Immediately adjacent to McDonald's Drive-Thru and Pizza Hut
Adjoining Weston and Gallagher Retail Parks
Let to Blockbuster Entertainment Ltd until 2019
Lot 11
Auction 27th May 2010
Rent £83,350 per Annum
Status Sold
Price £975,000
Sector Leisure
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Estimated District Population
82,900
Miles
?1 mile Weston-Super-Mare town centre
17 miles south-west of Bristol
23 miles north-west of Taunton
Roads
?A370, J21 M5
Rail
?London Paddington
Air
Bristol
Situation
Prominently situated facing Western Circus roundabout occupying a slightly elevated position adjoining a McDonald's Drive-Thru and Pizza Hut. Facing and adjacent occupiers include a 47,000 sq ft Asda Supermarket, Next, PC World, Currys, Staples, Wickes, Dunelm, Comet, Carpetright and Halfords on the Weston and Gallagher Retail Parks. Junction 21 of M5 motorway is approximately 3 miles to the east.
Tenure
Freehold.
Location
Estimated District Population
82,900
Miles
?1 mile Weston-Super-Mare town centre
17 miles south-west of Bristol
23 miles north-west of Taunton
Roads
?A370, J21 M5
Rail
?London Paddington
Air
Bristol
Situation
Prominently situated facing Western Circus roundabout occupying a slightly elevated position adjoining a McDonald's Drive-Thru and Pizza Hut. Facing and adjacent occupiers include a 47,000 sq ft Asda Supermarket, Next, PC World, Currys, Staples, Wickes, Dunelm, Comet, Carpetright and Halfords on the Weston and Gallagher Retail Parks. Junction 21 of M5 motorway is approximately 3 miles to the east.
Tenure
Freehold.
Description
The property comprises a modern single storey purpose built retail unit constructed in 1994. The site has an area of approximately 0.27 hectares (0.676 acres) and incorporates a customer car park for approximately 40 vehicles. VATVAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern single storey purpose built retail unit constructed in 1994. The site has an area of approximately 0.27 hectares (0.676 acres) and incorporates a customer car park for approximately 40 vehicles. VATVAT 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
Tenant
Term
Rent p.a.x
Review
Ground
Retail
559.1 sq m
(6,018 sq ft)
BLOCKBUSTER ENTERTAINMENT LTD
25 years from 24/06/1994 until 2019
£83,350
2014
Total Floor Area (Approx)
559.1 sq.m
(6,018 sq ft)
£83,350
(1) For the year ending 4th January 2009 Blockbuster Entertainment Limited reported a turnover of ?293,376,000, pre-tax profits of ?3,008,000 and a net worth of ?48,848,000.
