223 Portswood Road Southampton Hampshire SO17 2NF

223 Portswood Road
Southampton
Hampshire
SO17 2NF

Freehold Retail Investment

Entirely let to Ladbrokes Betting & Gaming Limited
Situated in busy trading position near Boots the Chemist, New Look and Barclays Bank
Six Week Completion Available

Lot
22
Auction
7th April 2011
Rent
£31,500 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Entirely let to Ladbrokes Betting & Gaming Limited
Situated in busy trading position near Boots the Chemist, New Look and Barclays Bank
Six Week Completion Available

Lot 22
Auction 7th April 2011
Rent £31,500 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 80 miles south-west of London<
Roads: M3, M27
Rail: St Deny's Railway Station
Air: Southampton Airport, London Gatwick Airport

Situation

The property is situated in a busy and popular suburb some 2 miles north of Southampton City Centre. The property is located in a strong trading position on the West side of Portswood Road close to the junction with Westridge Road. Neighbouring occupiers include New Look, Barclays Bank, Clinton Cards and Boots the Chemist.

Tenure

Freehold.

Location

Miles: 80 miles south-west of London<
Roads: M3, M27
Rail: St Deny's Railway Station
Air: Southampton Airport, London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and a 2 bedroom residential maisonette on the first and second floors.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property comprises retail accommodation on the ground floor and a 2 bedroom residential maisonette on the first and second floors.

VAT

VAT is not 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 and Second	Retail 2 Bedroom Maisonette	133.95 sq m Not measured	(1,442 sq ft) Not measured	LADBROKES BETTING & GAMING LIMITED (Gaming and Betting) (1)	15 years from 29th March 2004 until 29th March 2019 on a full repairing and insuring lease.	£31,500	29th March 2014
		133.95 sq m	(1,442 sq ft)			£31,500

(1) For the year ending 31st December 2009 Ladbrokes Betting & Gaming Limited reported a turnover of £790,369,000, pre-tax profits of £238,011,000 and a total net worth of £694,339,000. (Source: www.riskdisk.co.uk 13.01.2011)