SIPP 17 - 92 High Street, Poole
The property is situated just off the main retail section, still within the pedestrian precinct part of Poole High Street.
Multiple retailers within the vicinity include Roseby’s, Lloyds TSB, Burger King and Barclays Bank.
The Dear Hay Lane surface level car park and Hill Street multi-storey car park are both close by. Poole continues to attract visitors, retailers and investors with a number of successful developments under way.
The syndicate is purchasing the ground floor shop on a 999 year lease, together with a licence 2 car parking spaces accessed across land to the rear of the premises.
British Red Cross have taken a 15 year effectively Full Repairing and Insuring lease of the whole of the ground floor and with the right to park two cars in the rear yard. This commenced in June 2008.
The annual rent is £26,000 per annum, subject to five yearly upward only rent reviews.
The lease incorporates the right for the lessee to terminate the lease at the end of the 5th and 10th year, subject to the provision of 6 months written notice.
This is the standard lease that British Red Cross use for all of their shops
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