Let to Top Shop/Top Man Properties Limited on a renewed lease
Rent re-based from £214,500 p.a.x.
Group company of the tenant in occupation since 1998
Pedestrianised city centre location
Opposite Cascades Shopping Centre
Nearby occupiers include Primark, Marks & Spencer, Boots the Chemist, Debenhams, WHSmith and Wilko
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 41
Auction 23rd March 2016
Rent £160,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Insolvency Practitioners Deloitte
Property Information
Location
Miles
17 miles west of Chichester, 20 miles south-east of Southampton
Roads
A3, A27 M27
Rail
Portsmouth & Southsea Railway Station
Air
Southampton Airport
Situation
The property is situated in an excellent trading position on the east side of pedestrianised Commercial Road, in the heart of Portsmouth city centre. The Cascades Shopping Centre is opposite, with tenants including Marks & Spencer, Next, Primark and H&M all represented. Other neighbouring occupiers include Boots the Chemist, Debenhams, Waterstones and Wilko.
Tenure
Freehold.
Location
Miles
17 miles west of Chichester, 20 miles south-east of Southampton
Roads
A3, A27 M27
Rail
Portsmouth & Southsea Railway Station
Air
Southampton Airport
Situation
The property is situated in an excellent trading position on the east side of pedestrianised Commercial Road, in the heart of Portsmouth city centre. The Cascades Shopping Centre is opposite, with tenants including Marks & Spencer, Next, Primark and H&M all represented. Other neighbouring occupiers include Boots the Chemist, Debenhams, Waterstones and Wilko.
Tenure
Freehold.
Description
The property comprises well configured retail accommodation on the ground and part first floors, with ancillary accommodation on the rest of the first floor and the entire second floor. The property benefits from rear access off Paradise Street.
Six Week Completion
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.
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 comprises well configured retail accommodation on the ground and part first floors, with ancillary accommodation on the rest of the first floor and the entire second floor. The property benefits from rear access off Paradise Street.
Six Week Completion
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.
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 Retail/Ancillary Ancillary
283.25 sq m 187.01 sq m 49.52 sq m
(3,049 sq ft) (2,013 sq ft) (533 sq ft)
TOPSHOP/TOPMAN PROPERTIES LIMITED (1)
5 years from 24/04/2014 on a full repairing and insuring lease
£160,000
23/04/2019
Totals
519.78 sq m
(5,595 sq ft)
£160,000
(1) Topshop was founded in 1964 and now has over 300 stores in the UK alone, with its major flagship store in Oxford Circus, London. Topshop now ships to over 100 countries worldwide. (Source: www.topshop.com)
