Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
2 miles east of Southampton City Centre
12 miles south of Winchester
75 miles south-west of London
Roads
M27 (Junction 7), M3 (Junction 14)
Rail
Bitterne Railway Station
Air
Southampton International Airport
Situation
Bitterne is an eastern suburb of Southampton, located about 2 miles from the City Centre. The property is prominently situated on the northern side of pedestrianised Bitterne Road close to its junction with Angel Crescent. Nearby occupiers include Sainsbury’s Supermarket, Iceland, Superdrug, 99p Stores, Specsavers and Santander, NatWest and Lloyds Banks. The property benefits from a public car park (approx. 120 spaces) being situated to the rear.
Tenure
Freehold.
Location
Miles
2 miles east of Southampton City Centre
12 miles south of Winchester
75 miles south-west of London
Roads
M27 (Junction 7), M3 (Junction 14)
Rail
Bitterne Railway Station
Air
Southampton International Airport
Situation
Bitterne is an eastern suburb of Southampton, located about 2 miles from the City Centre. The property is prominently situated on the northern side of pedestrianised Bitterne Road close to its junction with Angel Crescent. Nearby occupiers include Sainsbury’s Supermarket, Iceland, Superdrug, 99p Stores, Specsavers and Santander, NatWest and Lloyds Banks. The property benefits from a public car park (approx. 120 spaces) being situated to the rear.
Tenure
Freehold.
Description
The property comprises seven ground floor retail units currently arranged as two shops with ancillary accommodation on part first floor and seven self-contained residential flats on the first and seconds floors, accessed from Angel Crescent.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises seven ground floor retail units currently arranged as two shops with ancillary accommodation on part first floor and seven self-contained residential flats on the first and seconds floors, accessed from Angel Crescent.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1) Gannaways is a family run business established in 1974 (www.gannaways.com). (2)Savers was founded in 1988 and currently trades from over 230 stores throughout the UK (www.savers.co.uk). Their ultimate holding company is A.S Watson (Health & Beauty UK) Limited. (3)The tenant occupies the property under a lease for a term of 15 years from 25th December 2001 at a current rent reserved of £32,500 p.a.x. The parties have agreed a reversionary lease for a term of 5 years from 25th December 2016 at a rent reserved of £32,500 p.a.x. and this is expected to complete prior to the auction. (4)The rent review in 2019 is subject to a maximum increase of 10% of the passing rent (i.e £35,750 p.a.x).
