Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Freehold Retail/Residential Investment
Property Information
Location
Miles
7 miles north-east of Portsmouth 11 miles west of Chichester 23 miles south-east of Winchester
Road
A27, A3(M), M27
Rail
Havant Railway Station (direct to London Waterloo and London Victoria)
Air
Southampton International Airport
Situation
The property is situated on the southern side of West Street, the town’s prime pedestrianised retail thoroughfare adjacent to M&Co and near McDonald’s, New Look and NatWest Bank.
Tenure
Freehold.
Location
Miles
7 miles north-east of Portsmouth 11 miles west of Chichester 23 miles south-east of Winchester
Road
A27, A3(M), M27
Rail
Havant Railway Station (direct to London Waterloo and London Victoria)
Air
Southampton International Airport
Situation
The property is situated on the southern side of West Street, the town’s prime pedestrianised retail thoroughfare adjacent to M&Co and near McDonald’s, New Look and NatWest Bank.
Tenure
Freehold.
Description
The property, a Grade II listed building, comprises retail accommodation on the ground floor with ancillary accommodation on the first and second floors above 17 West Street. In addition there is a self-contained 3 bedroom residential flat on the first and second floors above 15 West Street, accessible from the rear. The property also benefits from a rear yard used for staff parking and delivery access.
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, a Grade II listed building, comprises retail accommodation on the ground floor with ancillary accommodation on the first and second floors above 17 West Street. In addition there is a self-contained 3 bedroom residential flat on the first and second floors above 15 West Street, accessible from the rear. The property also benefits from a rear yard used for staff parking and delivery access.
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
Ground First Second First/Second
Retail/Ancillary Ancillary Ancillary Residential
148.36 sq m 38.09 sq m 19.6 sq m 3 Bedroom Flat
(1,597 sq ft) (410 sq ft) (211 sq ft)
C & J CLARK INTERNATIONAL LIMITED (1) t/a Clarks
10 years from 01/04/2010 until 31/03/2020 on a full repairing and insuring lease (2)
£40,000
01/04/2015
Total Commercial Floor Area
206.05 sq m
(2,218 sq ft)
£40,000
(1)For the year ending 31/01/2014, C&J Clark Limited reported a turnover of £1,541,000,000, pre-tax profits of £119,800,000 and a total net worth of £504,600,000. (Source: www.riskdisk.com 19/12/2014) (2)This is a reversionary lease and extends the term of the previous lease which was for a term of 25 years from 18th April 1985.
