Let to Sue Ryder on a new 10 year lease (no breaks) (2)
Affluent and attractive market town centre
Gateway town to the Jurassic Coast (World Heritage Site)
Nearby occupiers include Somerfield, Sainsbury, Co-Operative, NatWest, Boots and Lloyds TSB
Six Week Completion Period Available
Lot 11
Auction 24th May 2012
Rent £14,000 per Annum Exclusive
Status Sold
Price £201,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On Behalf of Sue Ryder
Property Information
Location
Miles
9 miles south-west of Poole, 14 miles west of Bournemouth, 20 miles east of Dorchester
Roads
A35, A350
Rail
Wareham (Direct to London Waterloo)
Air
Southampton Airport
Situation
Wareham is an affluent and attractive market town, immediately west of Poole Harbour and approximately 9 miles west of Poole town centre. The property is situated on the west side of South Street with nearby occupiers including Somerfield, Sainsbury’s, Co-Operative, NatWest, Boots and Lloyds TSB.
Tenure
Freehold.
Location
Miles
9 miles south-west of Poole, 14 miles west of Bournemouth, 20 miles east of Dorchester
Roads
A35, A350
Rail
Wareham (Direct to London Waterloo)
Air
Southampton Airport
Situation
Wareham is an affluent and attractive market town, immediately west of Poole Harbour and approximately 9 miles west of Poole town centre. The property is situated on the west side of South Street with nearby occupiers including Somerfield, Sainsbury’s, Co-Operative, NatWest, Boots and Lloyds TSB.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor
with further retail and ancillary accommodation on the first floor.
A small part of the ground floor has been integrated into the
adjoining retail unit and is let on a long lease (see note 2 below).
VAT
VAT is not applicable to this lot.
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
with further retail and ancillary accommodation on the first floor.
A small part of the ground floor has been integrated into the
adjoining retail unit and is let on a long lease (see note 2 below).
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
First
Retail
Ancillary
49.45 sq m
36.05 sq m
(640 sq ft)
(388 sq ft)
SUE RYDER
10 years from completion until 2022 on a full repairing and insuring lease
£14,000
2017
Totals
95.50 sq m
(1,028 sq ft)
£14,000
(1) Sue Ryder is a registered national charity providing health and social care services in local communities. Sue Ryder has more than 8000 volunteers and is supported through fundraising and retail activities via 350+ outlets nationwide (Source: www.sueryder.org). For the year ending 31st March 2011, Sue Ryder reported a working capital of £12,560,000, pre-tax profit of £2,153,000 and a total net worth of £45,059,000 (Source: www.riskdisk.com 24/02/2012). (2)The small part of the ground floor that has been integrated into the adjoining property is let to individuals for a term of 293 years from 19th May 1970 until 2263 at a current rent reserved of One Shilling per annum if demanded.
