Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Joint Fixed Charge Receivers
Property Information
Location
Miles
3 miles north-west of Seaview, 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 west side of the pedestrianised High Street and benefits from nearby occupiers including Boots the Chemist, New Look, Costa Coffee, Clinton
Cards and WH Smith.
Tenure
Freehold.
Location
Miles
3 miles north-west of Seaview, 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 west side of the pedestrianised High Street and benefits from nearby occupiers including Boots the Chemist, New Look, Costa Coffee, Clinton
Cards and WH Smith.
Tenure
Freehold.
Description
The property, an attractive Grade II Listed building, comprises a double fronted ground floor retail unit with ancillary staff and storage accommodation on the first floor. The attic area is not
currently used by the tenant.
6 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.
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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries, investigations and inspections of the Property. 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. The Joint Fixed Charge Receivers will not be providing any replies to any enquiries and the property is sold as seen.
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, an attractive Grade II Listed building, comprises a double fronted ground floor retail unit with ancillary staff and storage accommodation on the first floor. The attic area is not
currently used by the tenant.
6 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.
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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries, investigations and inspections of the Property. 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. The Joint Fixed Charge Receivers will not be providing any replies to any enquiries and the property is sold as seen.
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/(Reversion)
Ground First Attic
Retail/Ancillary Ancillary/Storage
171.10 sq m 129.20 sq m Not Measured
(1,842 sq ft) (1,391 sq ft) Not Measured
DONE BROTHERS (CASH BETTING) LTD (1)
15 years from 19/12/2013 on a full repairing and insuring lease (2)
£33,250
19/12/2018 19/12/2023 (18/12/2028)
Totals
300.30 sq m
(3,233 sq ft)
£33,250
(1) For the year ending 31st March 2013, Done Brothers (Cash Betting) Ltd reported a turnover of £241,918,000, pre-tax profits of £26,811,000 and a net worth of £92,026,000. (Source: www.riskdisk.com 24/12/2015) (2)There is a tenant option to determine on 19/12/2018 on 6 months’ prior written notice.
