140 High Street
Poole
Dorset
BH15 1DN

Freehold Retail Investment

  • Retail let to A Plan Holdings until 2027
  • 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
    11
  • Auction
    23/May/2019
  • Rent
    £48,100 per Annum Exclusive
  • Status
    Available
  • Price*
    £575,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 140 High Street<br>Poole<br>Dorset<br>BH15 1DN
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* More information on the term "price" can be found here

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.

Description

The property comprises retail accommodation on the ground floor and a self-contained residential maisonette on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Commercial Band D. See legal pack at acuitus.co.uk Residential Band E. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

FloorUse
Floor Areas (Approx)
TenantTermRent p.a.xReview
GroundRetail
169.7 sq m
(1,827 sq ft)
A PLAN
HOLDINGS (1)
17 years from
13/04/2010 until
29/05/2027 on a full
repairing and insuring
lease (2)
£48,00013/04/2022
First and
Second
Residential
maisonette
INDIVIDUAL125 years from
24/06/2008
£100Rent rises by
£100 every
25 years
Totals 
169.7 sq m
(1,827 sq ft)
  £48,100 

(1) For the year ending 28 February 2018, A-Plan Holdings reported a turnover of £93,357,176, pre-tax profits of £29,948,892 and a total net worth of £19,029,747 (Source: Experian Group 25/04/2019).
(2) The property is subject to a lease for a term of ten years from 13/04/2010 until 12/04/2020 and a reversionary lease from 13/04/2020 until 29/05/2027.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    14.05.19
    File Size
    8 MB
    Login to View
  • Site Plan
    Updated Date
    01.05.19
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    775 KB
    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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Blackstone Solicitors The Courtyard , 7 Francis Grove, Wimbledon
London
London
SW19 4DW
Fraz Hussain 02080 719 520f.hussain@blackstonesolicitors.com

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