Close cookie policy popup window
This site uses cookies for analysis purposes only. This helps us understand how you and other visitors use our site. To see a complete list of these cookies or to opt out please access our cookie policy page.

You will see this message only once, but you will be able to find more information about our use of cookies or opt out at any time.

North Devon

01271 321122

South Devon

01626 330022

Auction Investment
26 Fore Street, Bridgwater, Somerset, TA6 3NG

Freehold

£40,000 - £50,000 Guide Price

File Number: CD-90047

Contact Photo

Paul Heather
Director

T: 01626 330022
M: 07557 763682

Share This Property

Summary

  • Period, 3 Storey, mid-terrace property
  • Primary town centre trading position
  • A1 Use Class
  • FTSE 100 tenant in occupation
  • Rental income £12,250pax
  • Gross frontage 40ft
  • Ground floor retail area 542 sq ft - GIA 1,823 sq ft
  • Rateable value £11,250
  • EPC rating E
  • Auction 12th July 2018 in London

Opportunity

Freehold investment - For sale by auction 12 July 2018

For more information and to access the legal documents please visit https://www.networkauctions.co.uk/london-auction/


Accommodation
Ground Floor retail sales area: 542 sq ft (50.3 sq m)
First Floor storage: 656 sq ft (60.9 sq m)
Second Floor storage: 414 sq ft (38.5 sq m)
Gross Internal Area: 1,823 sq ft (169.4 sq m)

Lease
The property is let to TUI UK Retail Ltd on a full repairing and insuring lease with an annual rent of £11,500 - currently expired. A new 5 year from 24 June 2017 is awaiting engrossment with an annual rent of £12,250

Covenant
TUI Group is the world's number one integrated tourism group operating in around 180 destinations worldwide. The company is domiciled in Germany. The TUI Group's share is listed in the FTSE 100 index, the leading index of the London Stock Exchange and in the German open market. In financial year 2017, the TUI Group recorded turnover of €18.5bn and an operating result of €1.121bn