Unit 1, 21 West Street
Portchester
Nr Fareham
Hampshire
PO16 9XB

Retail Investment

  • Let to Sue Ryder on a renewed lease until 2025 (no breaks)
  • Prime pedestrianised location
  • July 2020 Tenant Break Option NOT exercised
  • Neighbouring occupiers include Co-Op Supermarket, Marie Curie, Iceland Foods and Betfred
  • Lot
    2
  • Auction
    16/Jun/2021
  • Rent
    £19,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £175,000 - £195,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Unit 1, 21 West Street<br>Portchester<br>Nr Fareham<br>Hampshire<br>PO16 9XB
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* More information on the term "price" can be found here

Property Information

Location
Miles
8 miles north of Portsmouth
15 miles east of Southampton
Roads
A27, M27, A3(M)
Rail
Portchester Station
Air
Southampton Airport
Situation

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.

Tenure

Virtual Freehold. Held for a term of 999 years from June 1990 at a peppercorn rent.

Description

The property comprises a ground floor retail accommodation which benefits from access to the rear via a service yard and rear Car Parking.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
GroundRetail
212.90 sq m
(2,291 sq ft)
SUE RYDER (1)10 years from
06/07/2015
£19,50005/07/2025
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    09.06.21
    File Size
    14 MB
    Login to View
  • Site Plan
    Updated Date
    27.05.21
    File Size
    829 KB
    View PDF
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    765 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Cliffe - Roberts Limited 1 Fernacre Business Park, Budds Lane
Romsey
SO51 0HA
Peter Cliffe-Roberts 01794 521 484peter@clifferoberts.com
Seller's Solicitors
Taylor Rose MW
Karl Reynolds 01733 972 954Karl.Reynolds@taylor-rose.co.uk

Useful Links

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