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Floorplan
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    Key features

    • To be offered on Wednesday 22 April
    • Substantial Freehold Retail Investment
    • Let to Superdrug Stores Plc
    • New 5 year lease from December 2025 (expiring December 2030)
    • Fixed rental increase to £25,000 pa in the third year
    • Comprises approximately 936.52 sq m (10,081 sq ft)
    • Low rent of £2.23 psf
    • Low Capital value psf on Guide Price (£20.83 psf CV)
    • Investment let at £22,500 pa (10.71% on Guide Price)

    Description

    The property comprises a substantial three storey building arranged as a ground floor shop together with ancillary accommodation on the first and second floors.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.


    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)

    Tenancy

    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

    Rent

    £22,500 pa

    Notes

    VAT is applicable to this lot. It is anticipated that the purchase will be treated as a TOGC.

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      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Bridgwater is located approximately 34 miles south-west of Bristol and approximately 40 miles north-east of Exeter. The property is situated on the south side of the pedestrianised Fore Street, with nearby occupiers including Coffee#1, Vodafone, Sports Direct and various banks.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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