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Area statsRetail property (high street) for sale
171-173 High Street, Poole, BH15 1AU
Auction
Retail property (high street)
3077
Features and description
- Superb trading location on Poole High Street, close to Dolphin Shopping Centre.
- Prominent position adjacent to busy railway crossing.
- Unbroken freehold interest with upper parts included.
- Let to Sportswift Limited trading as Card Factory.
- Fixed rental increase from 22nd May 2027, from £37,500 pa to £40,000 pa for remainder of the term.
- Price - £475,000 exclusive.
The property comprises an attractive two storey retail unit with rear loading access. The ground floor is currently configured with open plan sales accommodation and separate partitioned office accommodation to the rear. A loading door provides access to a rear loading area accessed from Pitwines Close.
A rear staircase provides access to a sizeable first floor area which provides storage, ancillary staff accommodation and WC’s.
The property is situated in a strong trading position fronting the pedestrianised Poole High Street shopping area close to the Dolphin Shopping Centre and adjacent to the High Street level crossing. The level crossing is in regular use and many people congregate outside the property when the barriers are down.
Nearby operators include TG Jones, Grapetree, Superdrug, Cards Direct, Saltrock, Delfino Lounge (Loungers), Coffee#1, Cornish Bakehouse, Vodafone and various others.
The property is let to Sportswift Limited (trading as Card Factory) on a 5 year lease from 22nd May 2023 at a current passing rent of £37,500 per annum increasing to £40,000 per annum from 22nd May 2027, for the remainder of the term. The lease contains full repairing and insuring covenants and is subject to a photographic schedule of condition.
The Tenant has the benefit of a break option on the 22nd May 2026, subject to 6 months written notice, but no notice has been given.
NB - The lease includes 3 months rent free from the 22nd May 2026 and it is anticipated that the equivalent pro rata rent-free amount will be factored in as a reduction to an agreed sale price - if a sale completes prior to, or during the rent free period.
Sportswift Limited (Company No. 03493972 has a Credit Score of 100/100 (Very Low Risk). It provides a very strong covenant with turnover of £587 million and profit after tax of £53 million for the year ending 31/01/25. The company is part of the Card Factory plc Group.
We are instructed to seek offers in the region of £475,000 (Four Hundred and Seventy Five Thousand Pounds) exclusive.
The property is elected for VAT and we anticipate that the sale will be undertaken as a Transfer of a Going Concern (TOGC).
A successful bidder will be required to satisfy all Anti Money Laundering requirements when Heads of Terms are agreed.
The property has an energy rating of D-100. A copy of the full EPC is available on request.
A rear staircase provides access to a sizeable first floor area which provides storage, ancillary staff accommodation and WC’s.
The property is situated in a strong trading position fronting the pedestrianised Poole High Street shopping area close to the Dolphin Shopping Centre and adjacent to the High Street level crossing. The level crossing is in regular use and many people congregate outside the property when the barriers are down.
Nearby operators include TG Jones, Grapetree, Superdrug, Cards Direct, Saltrock, Delfino Lounge (Loungers), Coffee#1, Cornish Bakehouse, Vodafone and various others.
The property is let to Sportswift Limited (trading as Card Factory) on a 5 year lease from 22nd May 2023 at a current passing rent of £37,500 per annum increasing to £40,000 per annum from 22nd May 2027, for the remainder of the term. The lease contains full repairing and insuring covenants and is subject to a photographic schedule of condition.
The Tenant has the benefit of a break option on the 22nd May 2026, subject to 6 months written notice, but no notice has been given.
NB - The lease includes 3 months rent free from the 22nd May 2026 and it is anticipated that the equivalent pro rata rent-free amount will be factored in as a reduction to an agreed sale price - if a sale completes prior to, or during the rent free period.
Sportswift Limited (Company No. 03493972 has a Credit Score of 100/100 (Very Low Risk). It provides a very strong covenant with turnover of £587 million and profit after tax of £53 million for the year ending 31/01/25. The company is part of the Card Factory plc Group.
We are instructed to seek offers in the region of £475,000 (Four Hundred and Seventy Five Thousand Pounds) exclusive.
The property is elected for VAT and we anticipate that the sale will be undertaken as a Transfer of a Going Concern (TOGC).
A successful bidder will be required to satisfy all Anti Money Laundering requirements when Heads of Terms are agreed.
The property has an energy rating of D-100. A copy of the full EPC is available on request.
Property information from this agent
Area statistics
Crime score
High crime
10/10
About this agent
Sibbett Gregory, founded in 1992 has developed with a clear plan to provide a comprehensive range of services to meet most commercial property needs across Dorset and beyond. Our enthusiastic approach, great teamwork and a willingness to take responsibility, is what sets us apart. We are proud to act for small and large private clients, corporations, institutions, health sector, public sector, charities and churches.