Neighbouring occupiers include Lloyds TSB, Shoe Zone, Carphone Warehouse, Specsavers, Greggs and Sainsbury's
Active management potential
Interim schedule of dilapidations drafted and costed at circa £150,000
Six Week Completion Period Available
Lot 25
Auction 18th October 2011
Rent £65,730 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
2 miles north-west of Southampton city centre, 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 Southampton city centre. The property is located in a strong corner trading position on the eastern side of the High Street (A305). Neighbouring occupiers include Lloyds TSB, Shoe Zone, Carphone Warehouse, Specsavers, Greggs and Sainsbury's.
Tenure
Freehold.
Location
Miles
2 miles north-west of Southampton city centre, 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 Southampton city centre. The property is located in a strong corner trading position on the eastern side of the High Street (A305). Neighbouring occupiers include Lloyds TSB, Shoe Zone, Carphone Warehouse, Specsavers, Greggs and Sainsbury's.
Tenure
Freehold.
Description
The property comprises an attractive corner period building with retail accommodation on the ground floor and ancillary accommodation in the basement, first and second floors. The property benefits from rear access.
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 an attractive corner period building with retail accommodation on the ground floor and ancillary accommodation in the basement, first and second floors. The property benefits from rear access.
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
Ground First First Second Basement
Retail Ancillary Office Office Ancillary
236.49 sq m 102.96 sq m 67.47 sq m 87.80 sq m Not Measured
(1) For the year ending 25th February 2011 Mackays Stores Limited reported a turnover of £186,939,000, pre-tax profits of £8,685,000 and a total net worth of £50,163,000. (Source: www.riskdisk.com 19.09.2011) (2)The above floor areas have been agreed between the parties at a previous rent review. The agreed ground floor ITZA is 129.78 sq m (1,397 sq ft)
