Description
Comprises ground floor retail with ancillary accommodation at basement and first and second floors offices Let to Superdrug Stores PLC on a new lease expiring 2036
Rent rebased from £240,000 PA TO £80,000 PA 10 YEAR LEASE EXTENSION
Total accommodation of approx. 701.31 sqm (7,549 sq ft) Tenant in occupation since 2000
Town centre position close to Toni & Guy, Café Nero, Marks & Spencer, Rymans, HSBC, Lloyds, Barclays and Betfred
VAT is not applicable
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 10 Year Lease Extension
Rent: £80,000 per year / £6,667 per month
Yield: 11% (approx)
Tenant: Company
Notes: Rent rebased from £240,000 PA TO £80,000 PA 10 YEAR LEASE EXTENSION
Maps & Location
Map Street View SatelliteYeovil is a well-established market town located approximately 40 miles south of Bristol and 20 miles north of Dorchester The town benefits from good communications, being adjacent to both the A30 & A37 which provide access to both the A303 and A359 to the north The town is served by both Yeovil Pen Mill and Yeovil Junction Rail Stations The property is situated on the south side of High Street, close to its junction with Middle Street Occupiers close by include Toni & Guy, Café Nero, Lloyds, Barclays, Betfred, Halifax, Burger King, H.Samuel, Cex and HSBC amongst many others
Document Downloads
Pricing Information & Bidding
Opening Bid: £758,000
What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
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Terms & Conditions of Sale
- 5% Deposit (Minimum £3,000)
- 8 Weeks Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + vat)
Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level.
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 15-16High Street, Let Superdrug Investment, Yeovil, Somerset