70 High Street Weston-Super-Mare Somerset BS23 1HS

70 High Street
Weston-Super-Mare
Somerset
BS23 1HS

  • 70 High Street<br>Weston-Super-Mare<br>Somerset<br>BS23 1HS

Freehold High Street Retail Investment

  • Predominantly let to Specsavers
  • Large ground floor shop approx. 5,570 sq ft
  • Lease expires October 2027 (no breaks)
  • Pedestrianised town centre location on the main shopping street
  • Close to The Sovereign Shopping Centre and other retailers including Boots the Chemist, Poundland and Costa
  • Lot
    27
  • Auction
    12/Jul/2022
  • Rent
    £52,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £650,000 - £700,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 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 Weston-Super-Mare town centre on the pedestrianised High Street, nearby to its junction with Waterloo Street and South Parade. The Sovereign Shopping Centre is a short walk away as well as other nearby retailers including Boots the Chemist, Poundland and Costa.

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 Weston-Super-Mare town centre on the pedestrianised High Street, nearby to its junction with Waterloo Street and South Parade. The Sovereign Shopping Centre is a short walk away as well as other nearby retailers including Boots the Chemist, Poundland and Costa.

Tenure

Freehold.

Description

The property comprises a large shop arranged on the ground floor only. The first & second floors are currently disused and accessed only via a secure rear fire escape.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

6 week completion

EPC

See legal pack

Description

The property comprises a large shop arranged on the ground floor only. The first & second floors are currently disused and accessed only via a secure rear fire escape.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

6 week completion

EPC

See legal pack

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Rent Review
Ground Retail/Ancillary
456.25
(5,570)
SPECSAVERS OPTICAL SUPERSTORES LIMITED(1)
(t/a Specsavers)
10 years from 27/10/2017
£52,000
27/10/2022
First/Second (2) Ancillary
290.80
(3,130)
- -
-
-
Total  
747.05
(8,700)
   
£52,000
 

(1)For the year ending 31st December 2021, Specsavers Optical Superstores Limited reported a turnover of £2,738,227,000 , a pre-tax profit of £441,528,000 and shareholder funds of £218,231,000
(2) Please note the first and second floors are not in use and currently have restricted access via a secure rear fire escape.

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
    27.06.22
    File Size
    21 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    File Size
    2 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
Structadene Group 3rd Floor, 9 White Lion Street
London
N1 9PD
James Thomson +44 (0)20 7843 9196james.t@pearl-coutts.co.uk

Useful Links

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

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