105 - 107 High Street, Poole, DOR

The property comprises a two storey building with a substantial glazed frontage. The property provides retail space throughout.
The property is located on the East side of the main retail thoroughfare of the High
Street in Poole, between its junctions with Globe Lane and Westons Lane. Poole Railway Station is within 0.3 miles of the property.

Sale Notes:
The investment comprises an income producing = prominent and substantial modern retail unit providing retail accommodation on the ground floor with ancillary accommodation on the 1st floor. The entire property is let to 99p Stores Limited on a full repairing and insuring lease for a term of 15 years from the 19th November 2008 at a current rent of £95,000 per annum.
The entire property is let to 99p Stores Limited on a full repairing and insuring lease for a term of 15 years from
the 19th November 2008 at a current rent of £95,000 per annum. The lease provides for five yearly upward only rent reviews to the greater of:-
1. The Open Market Rent
2. The initial rent increased by 2.5% per annum
compounded annually equating on the first review
date to £107,483 pa and again by the same rate at
the second review in 2018 (£121,608 pa).
It is the venders intention to top-up the rent until the fixed uplift in 2013 so the rent passing will be £107,483 pa.