140 High Street Poole Dorset BH15 1DN

140 High Street
Poole
Dorset
BH15 1DN

Freehold High Street Retail Investment

Let to A-Plan Holdings (t/a Howden) until 2027
Tenant reported a turnover of £144,626,552, pre-tax profits of £37,517,361 and a total net worth of £116,093,782
Prominent Location on Pedestrianised High Street
Close to The Dolphin Shopping Centre and Pool Railway Station
Nearby occupiers including Sports Direct, Poundland, Sainsbury's, Holland & Barrett, Primark, Boots, Superdrug and JD Sport

Lot
23
Auction
9th May 2024
Rent
£48,100 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold High Street Retail Investment

Let to A-Plan Holdings (t/a Howden) until 2027
Tenant reported a turnover of £144,626,552, pre-tax profits of £37,517,361 and a total net worth of £116,093,782
Prominent Location on Pedestrianised High Street
Close to The Dolphin Shopping Centre and Pool Railway Station
Nearby occupiers including Sports Direct, Poundland, Sainsbury's, Holland & Barrett, Primark, Boots, Superdrug and JD Sport

Lot 23
Auction 9th May 2024
Rent £48,100 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 5 miles west of Bournemouth, 29 miles south-west of Southampton
Roads: A31, A35, M27
Rail: Poole Railway Station
Air: Southampton Airport

Situation

The property is situated in the Town Centre on the western side of the pedestrianised High Street, 100m from The Dolphin Shopping Centre with retailers such as Timpson, WHSmith, Sports Direct, Poundland, H&M, Holland & Barrett, Primark, Boots and JD Sport. Other neighbouring occupiers include Sainsbury's, JD Wetherspoon, Caffe Nero, Superdrug and Savers.

Tenure

Freehold.

Location

Miles: 5 miles west of Bournemouth, 29 miles south-west of Southampton
Roads: A31, A35, M27
Rail: Poole Railway Station
Air: Southampton Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and a self-contained residential maisonette on the first and second floors.

The residential upper parts have been sold off on a long lease.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Reversion
Ground	Retail	169.70	(1,827)	A-PLAN HOLDINGS (t/a Howden)(CRN: 00750484)(2)	17 years from 13/04/2010	£48,000	29/05/2027
First Second	Residential Residential	Maisonette	(-)	AN INDIVIDUAL	125 years from 24/06/2008	£100 (3)	23/06/2133
Total Approximate Commercial Floor Area		169.70	(1,827)			£48,100

(1) The floor areas stated above have been taken from the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/116792172)
(2) For the year ending 30/09/2022, A-Plan Holdings reported a turnover of £144,626,552, pre-tax profits of £37,517,361 and a total net worth of £116,093,782 (Northrow: 18/04/2024)
(3) The rent will rise by £100 every 25 years, with the next increase on 24/06/2033

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.