Lot 117 Freehold Town Centre InvestmentAuction Date:
11th December 2024
111 High Street, Poole, Dorset, BH15 1AN
Currently let at £19,050 per annum
Located in the heart of Poole town centre this freehold property comprises two shops and two flats, with one of the shops and both the flats sold off on long leases. The remaining retail unit is let under the terms of a ten year commercial lease from February 2018 and is producing a healthy income of £19,000 per annum.
Ground Floor
n 111 High Street
Main retail area, ancillary storage rooms, staff kitchenette and W.C.
Tenancy
Let under the terms of a 10 year commercial lease from 14th February 2018 at an annual rent of £19,000 per annum.
113 High Street
Sold under the terms of a 999 year lease from 28th July 2000 at a peppercorn ground rent.
First and Second Floors
111 High Street
Sold under the terms of a 99 year lease from 30th October 2007 at a ground rent of £50 per annum.
EPC Rating
E (120). Floor area 137 sq.m.
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
