41 and 41A High Street Portishead Bristol Somerset BS20 6AA

  • 41 and 41A High Street<br>Portishead<br>Bristol<br>Somerset<br>BS20 6AA

41 and 41A High Street
Portishead
Bristol
Somerset
BS20 6AA

Freehold Retail and Education Centre Investment

  • Part let to shop trading as Boots Opticians/Hearingcare
  • Shop lease expires May 2028 (No breaks)
  • Upper Floors let to an International Centre of Professional Education on lease expiring October 2030 (No breaks)
  • Tenant in occupation for about 15 years
  • VAT-free investment
  • Popular Bristol suburb
  • Nearby occupiers include Waitrose, Iceland Supermarket, Lidl, Aldi, Homebase, Boots the Chemist, Costa and Greggs
  • Lot
    2
  • Auction
    9th May 2024
  • Rent
    £35,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £405,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
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Freehold Retail and Education Centre Investment

  • Part let to shop trading as Boots Opticians/Hearingcare
  • Shop lease expires May 2028 (No breaks)
  • Upper Floors let to an International Centre of Professional Education on lease expiring October 2030 (No breaks)
  • Tenant in occupation for about 15 years
  • VAT-free investment
  • Popular Bristol suburb
  • Nearby occupiers include Waitrose, Iceland Supermarket, Lidl, Aldi, Homebase, Boots the Chemist, Costa and Greggs
  • Lot 2
  • Auction 9th May 2024
  • Rent £35,000 per Annum Exclusive
  • Status Sold
  • Price £405,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
10 miles west of Bristol City Centre, 21 miles north-west of Bath
Roads
A369, M49, M5 (Junction 19)
Rail
Portway Train Station, Pill Train Station
Air
Bristol Airport
Situation

Portishead is the second largest town in Northern Somerset, located 10 miles west of Bristol City Centre. The property is prominently situated on the east side of High Street, the main retailing thoroughfare in the heart of the town centre. Nearby occupiers include Wairtose, Iceland Supermarket, Lidl, Aldi, Homebase, Boots the Chemist, Costa and Greggs

Tenure

Freehold.

Location
Miles
10 miles west of Bristol City Centre, 21 miles north-west of Bath
Roads
A369, M49, M5 (Junction 19)
Rail
Portway Train Station, Pill Train Station
Air
Bristol Airport
Situation

Portishead is the second largest town in Northern Somerset, located 10 miles west of Bristol City Centre. The property is prominently situated on the east side of High Street, the main retailing thoroughfare in the heart of the town centre. Nearby occupiers include Wairtose, Iceland Supermarket, Lidl, Aldi, Homebase, Boots the Chemist, Costa and Greggs

Tenure

Freehold.

Description

The property comprises an optician/hearing centre arranged on the ground floor, and a separately-accessed Education Centre on the first and second floors.

VAT

VAT is not applicable to this lot.

EPC

Band C

Description

The property comprises an optician/hearing centre arranged on the ground floor, and a separately-accessed Education Centre on the first and second floors.

VAT

VAT is not applicable to this lot.

EPC

Band C

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
(Approx sq ft) (1)
Tenant Term Rent p.a.x. Rent Review
Ground Retail/Ancillary
80.80
(869)
BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED (2) and PORTISHEAD EYECARE LIMITED (t/a Boots Opticians/Hearingcare) 10 years from 11/05/2018
£24,000
-
First
Second
Education
Centre
66.80
58.90
(719)
(634)
D. COX and S. GORSHKOVA with personal guarantee (t/a Step Up International Centre of Professional Education) (3) 10 years from 19/10/2020
£11,000
19/10/2025
Total  
206.50
(2,222)
   
£35,000
 

(1) Areas provided by VOA (www.tax.service.gov.uk/business-rates)
(2) For the year ending 31/08/2022, Boots Opticians Professional Services Limited reported a turnover of £364,732,000, a pre-tax profit of £30,623,000 and a net worth of £89,101,000 (www.northrow.com)
(3) Step Up has been operating from its own premises in Portishead since 2009 and currently supports close to 100 children, many of whom attend schools within Portishead. Step Up also has students from a much wider geographical area including Bristol, Clevedon, Nailsea and Weston Super Mare (www.stepup.education).

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

  • Brochure
    Updated Date
    07.06.24
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 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
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Seller's Solicitors
Marsden Rawsthorn Solicitors 3-4 Faraday Court, Faraday Drive
Fulwood
Preston
PR2 9NB
Jennie Barnes 01772 799638jbarnes@marsdenrawsthorn.com

Useful Links

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

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