Entirely let to Boots UK Limited on a 5 year lease expiring 2026
Busy Pedestrianised Town Centre Location
The tenant has been in occupation since 1933
Approximately 930.55 sq. m. (10,016 sq. ft.) over Ground, Basement, First and Second Floors
Future alternative use potential on the upper floors (subject to consents)
Nearby occupiers include Superdrug, Poundland, WH Smith, Costa, Mountain Warehouse and Superdry
Lot 29
Auction 12th July 2022
Status Sold Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
14 miles north of Truro, 50 miles west of Plymouth
Roads
A30, A39, A392
Rail
Newquay Railway Station
Air
Cornwall Airport Newquay
Situation
Newquay is a popular and important tourist destination situated on the northern coast of Cornwall. The town, whilst an important regional municipal town, also benefits from a swell of tourists during the summer months. The property is situated on the north side of Bank Street, Newquay's main pedestrianised retail destination. Nearby occupiers include Superdrug, Poundland, WH Smith, Costa, Mountain Warehouse and Superdry.
Tenure
Freehold.
Location
Miles
14 miles north of Truro, 50 miles west of Plymouth
Roads
A30, A39, A392
Rail
Newquay Railway Station
Air
Cornwall Airport Newquay
Situation
Newquay is a popular and important tourist destination situated on the northern coast of Cornwall. The town, whilst an important regional municipal town, also benefits from a swell of tourists during the summer months. The property is situated on the north side of Bank Street, Newquay's main pedestrianised retail destination. Nearby occupiers include Superdrug, Poundland, WH Smith, Costa, Mountain Warehouse and Superdry.
Tenure
Freehold.
Description
The property comprises ground floor retail, pharmacy and ancillary accommodation with ancillary areas to the first, second and basement floors.
The upper floors are currently under utilised and may lend themselves to being used for alternative uses subject to all necessary consents.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
Please refer to the Legal Pack.
Description
The property comprises ground floor retail, pharmacy and ancillary accommodation with ancillary areas to the first, second and basement floors.
The upper floors are currently under utilised and may lend themselves to being used for alternative uses subject to all necessary consents.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
Please refer to the Legal Pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground Basement First Second
Retail / Ancillary Ancillary Ancillary Ancillary
563.10 142.80 168.80 55.85
(6,061) (1,537) (1,817) (601)
BOOTS UK LIMITED (2) t/a Boots Pharmacy
5 years from 21/05/2021
£55,000
Total
930.55
(10,016) (1)
£55,000
(1) The Gross Internal Areas (GIA) stated above are as supplied by the vendor. (2) Full repairing and insuring lease.
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.
