10 The Hundred Romsey Hampshire SO51 8BW

10 The Hundred
Romsey
Hampshire
SO51 8BW

Freehold Retail Investment

  • Let to Superdrug Stores until 2023 (no breaks)
  • Tenant in occupation for over 30 years
  • Potential to convert self-contained upper floors to residential (subject to lease and consents)
  • Prime location in an affluent Hampshire market town
  • Nearby occupiers include Boots the Chemist, Barclays Bank, New Look and Co-Operative Food
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    5
  • Auction
    9th July 2015
  • Rent
    £72,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,335,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Let to Superdrug Stores until 2023 (no breaks)
  • Tenant in occupation for over 30 years
  • Potential to convert self-contained upper floors to residential (subject to lease and consents)
  • Prime location in an affluent Hampshire market town
  • Nearby occupiers include Boots the Chemist, Barclays Bank, New Look and Co-Operative Food
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 5
  • Auction 9th July 2015
  • Rent
  • Status Sold
  • Price £1,335,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
8 miles north-west of Southampton, 10 miles south-west of Winchester
Roads
A36, M3, M27
Rail
Romsey Railway Station
Air
Southampton Airport
Situation

Romsey is an affluent and attractive Hampshire market town on the edge of the New Forest, located 8 miles north-west of Southampton and 10 miles south-west of Winchester. The property is situated in a prime and busy position on the north side of The Hundred at its junction with Corn Market. Nearby occupiers include Boots the Chemist, Clarks, Barclays Bank, New Look, Aldi,
Waitrose and Co-Operative Food.

Tenure

Freehold.

Location
Miles
8 miles north-west of Southampton, 10 miles south-west of Winchester
Roads
A36, M3, M27
Rail
Romsey Railway Station
Air
Southampton Airport
Situation

Romsey is an affluent and attractive Hampshire market town on the edge of the New Forest, located 8 miles north-west of Southampton and 10 miles south-west of Winchester. The property is situated in a prime and busy position on the north side of The Hundred at its junction with Corn Market. Nearby occupiers include Boots the Chemist, Clarks, Barclays Bank, New Look, Aldi,
Waitrose and Co-Operative Food.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with self-contained ancillary accommodation on the first and second floors, accessed from a side yard. The first and second floors, which we understand are not currently used by the tenant, have potential to be converted to residential use (subject to the necessary consents). The property benefits from car parking to the rear for approximately six cars.

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 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 with self-contained ancillary accommodation on the first and second floors, accessed from a side yard. The first and second floors, which we understand are not currently used by the tenant, have potential to be converted to residential use (subject to the necessary consents). The property benefits from car parking to the rear for approximately six cars.

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 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
Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
439.33 sq m
80.64 sq m
65.31 sq m
(4,729 sq ft)
(868 sq ft)
(703 sq ft)
SUPERDRUG STORES PLC (1) 10 years from 04/07/2013 on a full repairing and insuring lease £72,500 04/07/2018
Totals  
585.28 sq m
(6,300 sq ft)
    £72,500

(1) For the year ending 28/12/2013, Superdrug Stores plc reported a turnover of £1,010,212,000, pre-tax profits of £28,982,000 and a total net worth of £122,235,000. (Source: www.riskdisk.com 23/04/2015)

Property Documents

  • Catalogue Page
    Updated Date
    16.06.15
    File Size
    604 KB
    View PDF
  • Site Plan
    Updated Date
    16.06.15
    File Size
    87 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 0207 216 5591k.chapman@druces.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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