Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Joint Fixed Receivers
Property Information
Location
Miles
8 miles east of Cowes, 10 miles south of Portsmouth
Roads
A3054, A3, M275, M27
Rail
Ryde Esplanade, Ryde St John’s Road
Air
Gatwick International Airport, Southampton Airport
Situation
The property is situated in a prominent position on the western side of the pedestrianised High Street. Nearby occupiers include Boots, New Look, Costa Coffee, Betfred and WH Smith.
Tenure
Freehold.
Location
Miles
8 miles east of Cowes, 10 miles south of Portsmouth
Roads
A3054, A3, M275, M27
Rail
Ryde Esplanade, Ryde St John’s Road
Air
Gatwick International Airport, Southampton Airport
Situation
The property is situated in a prominent position on the western side of the pedestrianised High Street. Nearby occupiers include Boots, New Look, Costa Coffee, Betfred and WH Smith.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary staff and storage accommodation on the first floor. There is currently no access to the second floor.
Six Week Completion
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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 a ground floor retail unit with ancillary staff and storage accommodation on the first floor. There is currently no access to the second floor.
Six Week Completion
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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
Site Area (Approx)
Tenant
Term
Rent p.a.x.
Reversion
Ground First Second
Retail Ancillary Ancillary
77.30 sq m 62.30 sq m Not Measured
(833 sq ft) (671 sq ft)
TUI UK RETAIL LTD (1) (t/a Thomson Travel Agents)
5 years from 01/11/2012 on a full repairing and insuring lease
£16,700
31/10/2017
Totals
139,60 sq m
(1,504 sq ft)
£16,700
(1) TUI UK Retail Limited are part of TUI AG. TUI Travel PLC has now merged with TUI AG to become TUI Group. TUI Group is the world’s number one tourism business with 1,800 travel agencies, six airliners, over 300 hotels and 13 cruise liners. In 2013/14 financial year the TUI Group recorded a turnover of €18.7 bn and an operating result of €869m. (Source: www.tuigroup.com 24/09/2015)