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 Available
Guide* £475,000
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
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.
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
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.
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
