27-29 High Street Weston-Super-Mare Somerset BS23 1HA

27-29 High Street
Weston-Super-Mare
Somerset
BS23 1HA

  • 27-29 High Street<br>Weston-Super-Mare<br>Somerset<br>BS23 1HA

Substantial Freehold High Street Investment

  • Let to Superdrug Stores Plc
  • Recently extended 5 year lease from February 2022 (2)
  • Re-based rent
  • Approximately 7,505 sq ft
  • Prominent corner position on pedestrianised High Street, a short walk from The Sovereign Shopping Centre
  • Nearby retailers include Boots the Chemist, JD Sports, Poundland, Costa Coffee, Holland & Barrett, Barclays Bank, Greggs and McDonald's
  • Lot
    5
  • Auction
    18/May/2022
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £550,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Real Estate Investment Trust
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
21 miles south-west of Bristol
Roads
A370, M5
Rail
Weston-Super-Mare
Air
Bristol Airport
Situation

The property is situated in a prominent corner position on the pedestrianised High Street, at its junction with Regent Street, a short walk from The Sovereign Shopping Centre, with nearby retailers including Boots the Chemist, JD Sports, Poundland, Costa Coffee, Holland & Barrett, Barclays Bank, Greggs and McDonald's.

Tenure

Freehold.

Location
Miles
21 miles south-west of Bristol
Roads
A370, M5
Rail
Weston-Super-Mare
Air
Bristol Airport
Situation

The property is situated in a prominent corner position on the pedestrianised High Street, at its junction with Regent Street, a short walk from The Sovereign Shopping Centre, with nearby retailers including Boots the Chemist, JD Sports, Poundland, Costa Coffee, Holland & Barrett, Barclays Bank, Greggs and McDonald's.

Tenure

Freehold.

Description

The property comprises a large shop arranged on the ground and first floors. The property benefits from a retail frontage to both High Street & Regent Street as well as frontage to St James Street at the rear with a loading bay.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion

EPC

Band C.

Description

The property comprises a large shop arranged on the ground and first floors. The property benefits from a retail frontage to both High Street & Regent Street as well as frontage to St James Street at the rear with a loading bay.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion

EPC

Band C.

Tenancy & Accommodation

Floor Use Floor Areas Approx sq m Floor Areas Approx sq ft Tenant Term Rent p.a.x.
Ground
First
Retail/Ancillary
Ancillary
379.57 sq m
317.71 sq m
(4,085 sq ft)
(3,420 sq ft)
SUPERDRUG STORES PLC (1) 5 years from 01/02/2022 until 31/01/2027 (2) on a full repairing & insuring lease
£60,000
   
697.28 sq m
(7,505 sq ft)
   
£60,000

(1) For the year ending 31st December 2020, Superdrug Stores PLC reported a turnover of £1,111,403,000, a pre-tax profit of £18,763,000 and shareholder funds of £321,635,000
(2) The lease is subject to a tenant only option to determine on 01/02/2025

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    16.05.22
    File Size
    21 MB
    Login to View
  • Brochure
    Updated Date
    03.05.22
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
DWF LLP Bridgwater Place
Water Lane
Leeds
LS11 5DY
Kennie Kazeem 0333 320 2220Kennie.Kazeem@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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