Description
Let to Superdrug Stores Plc on a new 5 year lease with a fixed rental increase to £25,000 pa in the third year. Comprises approximately 936.52 sq m (10,081 sq ft)
The property comprises a substantial three storey building arranged as a ground floor shop together with ancillary accommodation on the first and second floors.
New 5 year lease from December 2025 (expiring December 2030)
Let to Superdrug Stores Plc
Ground - 431.52 sq m (4,645 sq ft) First - 424.00 sq m (4,564 sq ft) Second - 81.00 sq m (872 sq ft) Total - 936.52 sq m (10,081 sq ft)
Let to Superdrug Stores Plc on a 5 year lease from 25.12.2025, expiring 24.12.2030 at an initial rent of £22,500 pa. The lease provides for a fixed rental increase to £25,000 pa at the third anniversary of the term. There is a break option on 31 January 2029 subject to 6 months written notice. Superdrug Stores Plc for the year ending December 2024: D&B Rating: 5A 1 Revenue: £1,634,452,000 Pre-tax profit: £136,826,000 Tangible net worth: £299,062,000
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 2030
Rent: £22,500 per year / £1,875 per month
Yield: 8% (approx)
Tenant: Company
Notes: New 5 year lease from December 2025 (expiring December 2030)
Maps & Location
Map Street View SatelliteRent £22,500 pa Notes VAT is applicable to this lot. It is anticipated that the purchase will be treated as a TOGC.
Document Downloads
Pricing Information & Bidding
Opening Bid: £299,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)
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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 - 19Fore Street, Let Superdrug Investment, Bridgwater, Somerset