447 Milbrook Road West Southampton Hampshire SO15 0HX

447 Milbrook Road West
Southampton
Hampshire
SO15 0HX

Freehold Convenience Store Investment

  • Let to T&S Stores Limited (part of Tesco Plc) until 2024
  • Located on busy Millbrook Road West (A33)
  • 2 miles west of Southampton city centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    89
  • Auction
    7th July 2016
  • Rent
    £14,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Convenience Store Investment

  • Let to T&S Stores Limited (part of Tesco Plc) until 2024
  • Located on busy Millbrook Road West (A33)
  • 2 miles west of Southampton city centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 89
  • Auction 7th July 2016
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
14 miles south-west of Winchester, 20 miles north-west of Portsmouth, 77 miles south-west of London
Roads
A33, M3, M27
Rail
Millbrook Rail
Air
Southampton International Airport
Situation

The property is situated 2 miles west of Southampton city centre and forms part of a retail parade fronting the busy Millbrook Road West (A33). Nearby occupiers include Ladbrokes and Halfords, along with a number of independent retailers

Tenure

Freehold.

Location
Miles
14 miles south-west of Winchester, 20 miles north-west of Portsmouth, 77 miles south-west of London
Roads
A33, M3, M27
Rail
Millbrook Rail
Air
Southampton International Airport
Situation

The property is situated 2 miles west of Southampton city centre and forms part of a retail parade fronting the busy Millbrook Road West (A33). Nearby occupiers include Ladbrokes and Halfords, along with a number of independent retailers

Tenure

Freehold.

Description

The property comprises a ground floor convenience store with a self-contained maisonette on upper floors, accessed from the rear. The property forms part of a larger building occupied by the tenant, the remainder of which does not form part of the demise for sale.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor convenience store with a self-contained maisonette on upper floors, accessed from the rear. The property forms part of a larger building occupied by the tenant, the remainder of which does not form part of the demise for sale.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Dimensions Tenant Term Rent p.a.x Review
Ground



First/Second
Convenience Store



Residential
Gross Frontage
Net Frontage
Shop Depth
Built Depth
Not Measured
6.15 m
5.10 m
14.90 m
15.30 m
(20' 2&)
(16' 9&)
(48' 10&)
(50' 3&)
T & S STORES
LIMITED (1)
(t/a One Stop) (2)
25 years from
26/03/1999 until
25/03/2024
£14,000 26/03/2019
Total             £14,000

(1) For the year ending 28th February 2015, T & S Stores Limited reported a total net worth of £573,589,000. (Source: Experian Group 09/06/2016) T & S Stores Limited is a subsidiary of Tesco Plc. Tesco is one of the world’s largest retailers, with over 6,902 shops around the world and 476,000 employees. (Source: www.tescoplc.com 09/06/2016)
(2) One Stop is a retail convenience business with over 700 shops employing over 10,000 people. (Source: www.onestop.co.uk 09/06/2016)

Property Documents

  • Site Plan
    Updated Date
    15.06.16
    File Size
    137 KB
    View PDF
  • Catalogue Page
    Updated Date
    15.06.16
    File Size
    1 MB
    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

Seller's Solicitors
Williams and Son Warwick House, 9 High Street
Sutton Coldfield
B72 1XB
Neil Watkin 0121 354 7870neil.watkin@rrwilliams.co.uk

Useful Links

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

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