57-59 High Street, Shirley Southampton Hampshire SO15 3NP

57-59 High Street, Shirley
Southampton
Hampshire
SO15 3NP

Freehold Retail Investment

Substantial property on prominent corner position
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Withdrawn Post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
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Substantial property on prominent corner position
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Status Withdrawn Post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

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

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	(2,546 sq ft) (1,108 sq ft) (694 sq ft) (945 sq ft) Not Measured	MACKAYS STORES LTD (1)	35 years from 29/09/1978	£65,730
Totals		491.72 sq m	(5,293 sq ft) (2)			£65,730

(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)