Retail Investment
Retail Investment
The property is situared on the north side of West Street and is part of a prominent retail parade in a prime pedestrianised location in the centre of Portchester. Neighbouring occupiers include Co-Op Supermarket, Marie Curie, Iceland Foods, Betfred and Superdrug.
Virtual Freehold. Held for a term of 999 years from June 1990 at a peppercorn rent.
The property is situared on the north side of West Street and is part of a prominent retail parade in a prime pedestrianised location in the centre of Portchester. Neighbouring occupiers include Co-Op Supermarket, Marie Curie, Iceland Foods, Betfred and Superdrug.
Virtual Freehold. Held for a term of 999 years from June 1990 at a peppercorn rent.
The property comprises a ground floor retail accommodation which benefits from access to the rear via a service yard and rear Car Parking.
VAT is not applicable to this lot.
Six Week Completion
See legal pack.
The property comprises a ground floor retail accommodation which benefits from access to the rear via a service yard and rear Car Parking.
VAT is not applicable to this lot.
Six Week Completion
See legal pack.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 212.90 sq m |
(2,291 sq ft) |
SUE RYDER (1) | 10 years from 06/07/2015 |
£19,500 | 05/07/2025 |
| Total |
212.90 sq m |
(2,291 sq ft) (1) |
£19,500 | ||||
(1) The above floor areas have been published by the Valuation Office Agency at https://www.tax.service.gov.uk/business-rates-find/properties/112334175
(2) For the year ending 31st Mach 2020, Sue Ryder reported a turnover of £112,017,000, a pre-tax profit of £48,667,000 and shareholder funds of £53,822,000 (Source: NorthRow 19/05/2021). Sue Ryder has over 400 charity Shops across the UK (Source: www.sueryder.org).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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