61 Old Milton Road New Milton Hampshire BH25 6DN

61 Old Milton Road
New Milton
Hampshire
BH25 6DN

Virtual Freehold Retail Investment

  • Let to One Stop Convenience Stores Limited (t/a Tesco Express) until 2022
  • Affluent town immediately south of the New Forest National Park
  • Prominent corner position close to town centre and residential area
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    55
  • Auction
    10th December 2015
  • Rent
    £42,500 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

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

Virtual Freehold Retail Investment

  • Let to One Stop Convenience Stores Limited (t/a Tesco Express) until 2022
  • Affluent town immediately south of the New Forest National Park
  • Prominent corner position close to town centre and residential area
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 55
  • Auction 10th December 2015
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
19 miles south-west of Southampton, 11 miles east of Bournemouth, 28 miles south of Salisbury
Roads
A337, A35, A338
Rail
New Milton Railway Station
Air
Southampton Airport
Situation

New Milton is an affluent town immediately south of the edge of the New Forest National Park. The property is situated in a prominent corner location on the eastern side of Old Milton Road, at its junction with Crossmead Avenue in a predominantly residential area. The property benefits from a public car park to the rear of the property and on-street parking at the front.

Tenure

Virtual Freehold. Held for a term of 999 years from January 2016.

Location
Miles
19 miles south-west of Southampton, 11 miles east of Bournemouth, 28 miles south of Salisbury
Roads
A337, A35, A338
Rail
New Milton Railway Station
Air
Southampton Airport
Situation

New Milton is an affluent town immediately south of the edge of the New Forest National Park. The property is situated in a prominent corner location on the eastern side of Old Milton Road, at its junction with Crossmead Avenue in a predominantly residential area. The property benefits from a public car park to the rear of the property and on-street parking at the front.

Tenure

Virtual Freehold. Held for a term of 999 years from January 2016.

Description

The property comprises ground floor retail accommodation forming
part of a larger building.

Six Week Completion

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 ground floor retail accommodation forming
part of a larger building.

Six Week Completion

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.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
Ground Retail
318.30 sq m
(3,426 sq ft)
ONE STOP CONVENIENCE
STORES LIMITED
(t/a Tesco Express) (1)
20 years from 24/06/2002
on a full repairing and
insuring lease
£42,500 24/06/2017
(23/06/2022)
Totals  
318.30 sq m
(3,426 sq ft)
    £42,500

(1) For the year ending 22nd February 2014, One Stop Convenience Stores Limited reported a total net worth of £49,906,000. (Source: www.riskdisk.com 04/11/2015). One Stop Convenience Stores Limited is a subsidiary of Tesco plc, one of the world’s largest retailers with over 500,000 employees worldwide and over 3,500 UK stores (www.tescoplc.com).

Property Documents

  • Catalogue Page
    Updated Date
    18.11.15
    File Size
    716 KB
    View PDF
  • Site Plan
    Updated Date
    18.11.15
    File Size
    48 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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Associate Auctioneers
Hempton Franks 3 The Old Carthouses, Broadlands
Romsey
Hampshire
SO51 9LQ
John Hempton +44 (0)1794 516 260jjh@hemptonfranks.co.uk
Seller's Solicitors
Ingram Winter Green LLP Bedford House, 21A John Street
London
WC1N 2BF
Martyn Emmens 0207 845 7400martynemmens@iwg.co.uk

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now