Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
19 miles north-west of Portsmouth 23 miles south of Salisbury
Roads
A33, M3 (Junction 14), M27 (Junctions 3 & 4)
Rail
Southampton Central Station
Air
Southampton International Airport
Situation
The property is situated in a prominent location on the eastern side of Above Bar Street, Southampton’s prime retailing thoroughfare. Marlands Shopping Centre is located diagonally opposite the property with West Quay Shopping Centre a very short walk away.
Other nearby occupiers include Boots Opticians, Primark, BHS, Starbucks, Top Shop, WH Smith, JD Sports and Waterstones.
Tenure
Freehold.
Location
Miles
19 miles north-west of Portsmouth 23 miles south of Salisbury
Roads
A33, M3 (Junction 14), M27 (Junctions 3 & 4)
Rail
Southampton Central Station
Air
Southampton International Airport
Situation
The property is situated in a prominent location on the eastern side of Above Bar Street, Southampton’s prime retailing thoroughfare. Marlands Shopping Centre is located diagonally opposite the property with West Quay Shopping Centre a very short walk away.
Other nearby occupiers include Boots Opticians, Primark, BHS, Starbucks, Top Shop, WH Smith, JD Sports and Waterstones.
Tenure
Freehold.
Description
The property comprises a ground floor building society with first floor ancillary accomodation. In addition, there is a self-contained residential flat on the second floor which has separate access from the rear.
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.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Tel: (0)20 7034 4858.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor building society with first floor ancillary accomodation. In addition, there is a self-contained residential flat on the second floor which has separate access from the rear.
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.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Tel: (0)20 7034 4858.
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.
Reversion
Ground First Second
Building Society/Ancillary Ancillary Residential (sublet)
171.86 sq m 54.53 sq m Understood to comprise 3 rooms, kitchen & bathroom
(1,850 sq ft) (587 sq ft)
CHELSEA BUILDING SOCIETY (1)
15 years from 25/06/2001 on a full repairing and insuring lease
£96,500
24/06/2016
Totals
226.39 sq m
(2,437 sq ft)
£96,500
(1) Chelsea Building Society is one of the largest building societies in the UK, following the merger with Yorkshire Building Society in April 2010. The organisation currently has assets with a combined value of over £33 billion. (Source:www.thechelsea.co.uk 15/01/15). We understand the tenant sublets the second floor flat on a 12 month AST from 4th December 2014 at £625 pcm (£7,500 pa)
