19 & 20 - 21 St Marys Street
Weymouth
Dorset
DT4 8PN

Freehold Retail Investment

  • Let to tenants trading as Pandora and Greggs
  • Prominent position on busy pedestrianised pitch
  • Popular south coast tourism and retailing centre
  • Nearby occupiers include Boots, WH Smith and Vodafone
  • Lot
    24
  • Auction
    11/Dec/2019
  • Rent
    £73,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £900,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 19 & 20 - 21 St Marys Street<br>Weymouth<br>Dorset<br>DT4 8PN
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* More information on the term "price" can be found here

Property Information

Location
Miles
37 miles south-east of Bournemouth
30 miles south of Yeovil
56 miles east of Exeter
Roads
A30, A354, A37
Rail
Weymouth Railway Station
Air
Bournemouth International Airport (39 miles)
Situation

Weymouth is a busy Dorset tourist destination, popular for its marina and attractive coastline. The property occupies a prominent corner position on the pedestrianised St Mary St, at its junction with Bond Street in the heart of the town centre. Nearby occupiers include Boots, WH Smith, Mountain Warehouse and Vodafone.

Tenure

Freehold.

Description

The property comprises two double fronted ground floor retail units with first, second and third floor ancillary accommodation. Unit 19 benefits from a prominent corner position with return frontage onto Bond Street.

VAT

VAT is applicable to this lot.

EPC

19 - Band G. Available in legal pack at acuitus.co.uk 20-21 - Band E. Available in legal pack at acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
19Ground
First
Second
Third
Retail
Ancillary
Ancillary
Ancillary
90.38 sq m
27.10 sq m
37.50 sq m
19.20 sq m
(972 sq ft)
(291 sq ft)
(403 sq ft)
(206 sq ft)
ALLUM AND SIDAWAY LIMITED
t/a Pandora (1)
10 years from
15/05/2014
until 14/05/2024 (2)
£35,000 
21Ground
First
Second
Third
Retail
Ancillary
Ancillary
Ancillary
97.99 sq m
109.50 sq m
99.60 sq m
50.40 sq m
(1,054 sq ft)
(1,178 sq ft)
(1,072 sq ft)
(542 sq ft)
GREGGS PLC t/a Greggs (3)10 years from
21/02/2017
until 20/02/2027 (4)
£38,00021/02/2022
Total  
531.67 sq m
(5,718 sq ft)
  £73,000 

(1) Allum and Sidaway is a franchise partner of Pandora. For the year ending 31st January 2019, Allum and Sidaway Limited reported a turnover of £6,170,867, pre-tax profits of £134,096 and a total net worth of £2,917,617 (Source: Experian 04/11/2019). "Pandora's jewellery is sold in more than 100 countries on six continents through more than 7,400 points of sale. Our retail concept includes concept stores, shop-in-shops and multi-brand stores" (Source: pandoragroup.com/ 18/11/2019).
(2) The tenant did NOT exercise their 2019 break option.
(3) For the year ending 31st December 2018, Greggs Plc reported a turnover of £1,029,347,000, pre-tax profits of £82,618,000 and a total net worth of £312,332,000 (Source: Experian 14/11/2019). Greggs was founded 75 years ago and now has over 1,700 Greggs across the UK (Source: www.greggs.co.uk).
(4) The lease provides a tenant option to determine on 20/02/2022.

If you are the successful bidder Acuitus requires a separate payment of £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    28.11.19
    File Size
    25 MB
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  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Bidwells LLP 25 Old Burlington Street
London
W1S 3AN
Mike Fox 0207 297 6273mike.fox@bidwells.co.uk
Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
0203 036 7702
Barbara Eilon 0203 036 7202beilon@fladgate.com

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