49 High Street, Shirley Southampton Hampshire SO15 3NN

49 High Street, Shirley
Southampton
Hampshire
SO15 3NN

Freehold Retail Investment

Let to Superdrug Stores plc until 2020
Superdrug Stores plc have been in occupation since 1988
Redevelopment potential subject to consent
Neighbouring occupiers include Carphone Warehouse, Specsavers, Greggs, Clinton Cards and Sainsbury's
Eight Week Completion Available

Lot
11
Auction
26th May 2011
Rent
£73,300 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let to Superdrug Stores plc until 2020
Superdrug Stores plc have been in occupation since 1988
Redevelopment potential subject to consent
Neighbouring occupiers include Carphone Warehouse, Specsavers, Greggs, Clinton Cards and Sainsbury's
Eight Week Completion Available

Lot 11
Auction 26th May 2011
Rent £73,300 per Annum Exclusive
Status Sold Post
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, 23 miles north-west of Portsmouth, 22 miles south-east of Salisbury
Roads: M3, M27, A35
Rail: Southampton Central Rail, Millbrook (Hants) Railway Station
Air: Southampton Airport, London Gatwick Airport

Situation

Shirley is a popular and busy residential suburb of Southampton, some 2 miles north-west of the city centre. The property is located in a strong trading position on the eastern side of the High Street (A305). Neighbouring occupiers include Carphone Warehouse, Specsavers, Greggs, Clinton Cards and Sainsbury's.

Tenure

Freehold.

Location

Miles: 80 miles south-west of London, 23 miles north-west of Portsmouth, 22 miles south-east of Salisbury
Roads: M3, M27, A35
Rail: Southampton Central Rail, Millbrook (Hants) Railway Station
Air: Southampton Airport, London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises double fronted and deep retail accommodation on the ground floor with ancillary accommodation on the first floor (rear) and benefits from a substantial frontage and from a service yard.

Planning consent (now lapsed) was granted by Southampton City Council in
February 2006 for the extension of the present first floor and the erection of
a second floor to provide 5 x two bedroom and 3 x one bedroom flats.
Copies of the plans are available in the legal pack.

Southampton City Council
Planning and Sustainability Civic Centre,
Southampton SO14 7LS

Tel: +44 (0)23 8083 3006,
Email: planning@southampton.gov.uk

VAT

VAT is not applicable to this lot.

EPC

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

Description

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 (Rear)	Retail Ancillary	348.7 sq m 101.3 sq m	(3,753 sq ft) (1,090 sq ft)	SUPERDRUG STORES PLC (1)	10 years from 24/06/2010 until 2020 on a full repairing and insuring lease	£73,300 (2)	2015
Totals		450.0 sq m	(4,843 sq ft)			£73,300

(1) Superdrug Stores plc is the United Kingdom's second-largest beauty and health retailer currently operating over 900 stores in England, Scotland, Wales, Northern Ireland and the Republic of Ireland. They currently have 226 in-store pharmacies. (Source: http://www.superdrug.com/about-us/superdrug-today/page/superdrugtoday/)
(2) The lease provides for an initial rent concession. The seller will make an allowance so that the buyer will receive £73,300 per annum exclusive from completion of the sale.