50 High Street Andover Hampshire SP10 1NF

50 High Street
Andover
Hampshire
SP10 1NF

Freehold Retail Investment

Let to Burton/Dorothy Perkins Properties Limited t/a Dorothy Perkins guaranteed by Arcadia Group Limited
Tenant in occupation since at least 1984
Prominent position on pedestrianised High Street
Adjacent to Marks and Spencer and opposite the Chantry Shopping Centre whose occupiers include Waitrose, Waterstones and Boots the Chemist
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
21
Auction
11th February 2016
Rent
£55,000 per Annum Exclusive
Status
Sold
Price
£630,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Burton/Dorothy Perkins Properties Limited t/a Dorothy Perkins guaranteed by Arcadia Group Limited
Tenant in occupation since at least 1984
Prominent position on pedestrianised High Street
Adjacent to Marks and Spencer and opposite the Chantry Shopping Centre whose occupiers include Waitrose, Waterstones and Boots the Chemist
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 21
Auction 11th February 2016
Rent £55,000 per Annum Exclusive
Status Sold
Price £630,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 14 miles north-west of Winchester, 29 miles north of Southampton, 36 miles south-west of Reading
Roads: A34, A303, A3057, M4
Rail: Andover Railway Station
Air: Southampton Airport

Situation

Andover is an attractive market town close to the junction of the A34 and A303. The property is situated in a prominent position on the east side of pedestrianised High Street in the town centre, directly adjacent to Mark & Spencer and opposite the Chantry Shopping Centre whose occupiers include Waitrose, Waterstones, Boots the Chemist and the Body Shop.

Tenure

Freehold.

Location

Miles: 14 miles north-west of Winchester, 29 miles north of Southampton, 36 miles south-west of Reading
Roads: A34, A303, A3057, M4
Rail: Andover Railway Station
Air: Southampton Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors. The property benefits from access to the rear from Black Swan Yard.

Six 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.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Reversion
Ground First Second	Retail Ancillary Ancillary	202.00 sq m 171.40 sq m 32.00 sq m	(2,174 sq ft) (1,845 sq ft) (343 sq ft)	BURTON/DOROTHY PERKINS PROPERTIES LIMITED (t/a Dorothy Perkins) with guarantee from Arcadia Group Limited (1)	15 years from 25/03/2005 on a full repairing and insuring lease	£55,000	24/03/2020
Totals		405.40 sq m	(4,364 sq ft)			£55,000

(1) Dorothy Perkins are one of the biggest UK fashion retailers with around 600 UK stores and 124 international outlets (www.dorothyperkins.com). Arcadia Group owns brands including Topshop, Miss Selfridge and Wallis(www.arcadiagroup.co.uk).