Entirely let to William McIlroy Swindon Limited until 2070 t/a M & Co (No breaks).
Pedestrianised town centre location.
Neighbouring occupiers include McDonald’s, NatWest, New Look, Boots the Chemist, Costa Coffee.
Six Week Completion
Lot 37
Auction 17th October 2013
Rent £94,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Miles
7 miles north-east of Portsmouth
11 miles west of Chichester
Roads
A27, A3(M) Junction 4, M27
Rail
Havant Railway Station (approximately 1 hour 20 mins direct
to London Waterloo)
Air
Southampton Airport, Gatwick Airport
Situation
The property is situated on the south side of the busy pedestrianised West Street. Neighbouring occupiers include McDonald’s, NatWest, New Look, Boots the Chemist and Costa Coffee.
Tenure
Freehold.
Location
Miles
7 miles north-east of Portsmouth
11 miles west of Chichester
Roads
A27, A3(M) Junction 4, M27
Rail
Havant Railway Station (approximately 1 hour 20 mins direct
to London Waterloo)
Air
Southampton Airport, Gatwick Airport
Situation
The property is situated on the south side of the busy pedestrianised West Street. Neighbouring occupiers include McDonald’s, NatWest, New Look, Boots the Chemist and Costa Coffee.
Tenure
Freehold.
Description
The property has a prominent frontage to West Street and comprises retail and ancillary accommodation on both ground floor and first floor. The property benefits from rear access from Bulbeck Road.
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 has a prominent frontage to West Street and comprises retail and ancillary accommodation on both ground floor and first floor. The property benefits from rear access from Bulbeck Road.
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.
Reviews
Ground First
Retail/Ancillary Retail/Ancillary
468.18 sq m 423.61 sq m
(5,039 sq ft) (4,560 sq ft)
WILLIAM McILROY SWINDON LIMITED on assignment from Courtalds Plc (t/a M & Co) (1)
99 years from 25/12/1971 until 2070 on a full repairing and insuring lease
£94,000
25/12/2016 and 5 yearly
Totals
891.79 sq m
(9,599 sq ft)
£94,000
(1) William McIlroy Swindon Limited was incorporated in 1955 and is a subsidiary of Mackays Stores (Holdings) Limited. M & Co are one of the largest privately owned fashion retailers in the UK and operate from 300 stores nationwide and an online store. (www.mandcom.com) For the year ending 22nd February 2013, Mackays Stores (Holdings) Ltd reported a turnover of £5,407,000, pre-tax profits of £4,623,000 and a net worth of £53,476,000. (Source: www.riskdisk.com 18/09/2013)
