90 Above Bar Street Southampton Hampshire SO14 7DT

90 Above Bar Street
Southampton
Hampshire
SO14 7DT

Freehold Retail and Residential Investment

  • Let on a new 20 year lease to Coffee#1 Limited
  • Prominent position on Southamptons prime retailing thoroughfare
  • Located diagonally opposite the Marlands Shopping Centre
  • Nearby occupiers include Burger King, Lloyds Bank, Boots Opticians and Starbucks
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    51
  • Auction
    13th October 2016
  • Rent
    £42,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £570,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Let on a new 20 year lease to Coffee#1 Limited
  • Prominent position on Southamptons prime retailing thoroughfare
  • Located diagonally opposite the Marlands Shopping Centre
  • Nearby occupiers include Burger King, Lloyds Bank, Boots Opticians and Starbucks
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 51
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £570,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On Behalf of a Major Fund Manager

Property Information

Location
Miles
19 miles north-west of Portsmouth, 23 miles south of Salisbury
Roads
A33, M3 (Junction 14), M27 (Junctions 3 & 4)
Rail
Southampton Central Station
Air
Southampton International Airport
Situation

The property is situated in a prominent location on the eastern side of Above Bar Street, Southampton’s prime retailing thoroughfare. Marlands Shopping Centre is located diagonally opposite the property and houses retailers including Poundland, Shoe Zone and The Disney Store with West Quay Shopping Centre also a short walk away. Other nearby occupiers include Burger King, Lloyds Bank, Boots Opticians and Starbucks.

Tenure

Freehold.

Location
Miles
19 miles north-west of Portsmouth, 23 miles south of Salisbury
Roads
A33, M3 (Junction 14), M27 (Junctions 3 & 4)
Rail
Southampton Central Station
Air
Southampton International Airport
Situation

The property is situated in a prominent location on the eastern side of Above Bar Street, Southampton’s prime retailing thoroughfare. Marlands Shopping Centre is located diagonally opposite the property and houses retailers including Poundland, Shoe Zone and The Disney Store with West Quay Shopping Centre also a short walk away. Other nearby occupiers include Burger King, Lloyds Bank, Boots Opticians and Starbucks.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with self-contained residential flats on the first and second floors which have been let on a long lease.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with self-contained residential flats on the first and second floors which have been let on a long lease.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Ground Retail
160.76 sq m
(1,730 sq ft)
COFFEE#1
LIMITED (1)
20 years from
14/07/2016 (2)
£42,500 14/07/2021 and five yearly
(13/07/2036)
First & Second Residential
Not Measured
- 150 year lease
from completion
Peppercorn (2166)
Total Commercial Area
160.76 sq m
(1,730 sq ft)
    £42,500  

(1) For the year ending September 2015, Coffee#1 Limited reported a turnover of £17,875,458, pre-tax profits of £1,661,263 and a total net worth of £3,702,535. (Source: Experian Group 12/09/2016) Coffee #1 first opened in 2001 and they now have 50 coffee shops (Source: coffee1.co.uk 19/09/2016).
(2) The lease provides a tenant option to determine on 13/07/2026 and 13/07/2032.

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    523 KB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    68 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Hamlins LLP Roxburghe House273-287 Regents Street
London
W1B 2AD
Joseph Holder 0207 355 6112joseph.holder@hamlins.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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