377-379 Bitterne Road
Bitterne Village
Southampton
Hampshire
SO18 5RR

  • Entirely Let to Countrywide Estate Agents t/a Morris Dibben until December 2026
  • Includes Well positioned Retail unit and self contained offices.
  • Residential Conversion Potential of the Offices (subject to consents)
  • 2021 Tenant Break option NOT Exercised.(3)
  • Neighbouring occupiers include Connells Estate Agent, Fox and Sons Estate Agent, Leaders Estate Agent, Halifax, Nationwide Building Society and Sainsbury.
  • Lot
    4
  • Auction
    24/Sep/2021
  • Rent
    £31,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 377-379 Bitterne Road, Bitterne Village, Southampton, Hampshire, SO18 5RR
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* More information on the term "price" can be found here

Property Information

Location
Miles
2 miles east of Southampton City Centre
10 miles south of Winchester
Roads
A3024, A3025, M27
Rail
Bitterne Train Station
Air
Southampton Airport
Situation

The property is located on the north side of the pedestrianised Bitterne Road in the heart of Bitterne Village which sits 2 miles east of Southampton City Centre. Neighbouring occupiers included Connells Estate Agent, Fox and Sons Estate Agent, Leaders Estate Agent, Halifax, Nationwide Building Society and Sainsbury's.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation and self contained office accommodation on the first floor. The self contained offices may be suitable for residential conversion, subject to consents.

VAT

VAT is not applicable to this lot.

Completion Period

Six week Completion.

EPC

Band D. See legal pack

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Ground
First
Retail
Self-Contained Office
85.86 sq m
74.30 sq m
(924 sq ft)
(799 sq ft)
Countrywide
Estate Agents t/a
Morris Dibben (1)
(2)
10 years from 25th
December 2016 on
a full repairing and
insuring lease.(3)
£31,00024/12/2021
(24/12/2026)
Total
160.16 sq m)
(1,723 sq ft)
  £31,000 

(1) For the year ending 31/12/2019 Countrywide Estate Agents (CRN 00789476) reported a turnover of £325,167,000, pre tax profits of £340,000 and a net worth of negative £137,820,000 (Source NorthRow 16/08/2021) Countrywide Estate Agents operate under a number of different trading names including Bairstow Eves, Dixons, Hamptons and operates over 600 offices nationwide. (www.countrywide.co.uk)
(2) The self contained offices have been sub let to Breckenridge & Viana Limited (CRN 01683392) at a current reserved of £6,250 per annum exclusive.
(3) The lease provides for a tenant option to determine the lease on 24th December 2021 on serving 6 month written notice. The Seller has received no notice from the tenant and therefore the tenant has not exercised their option to determine the lease.

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
    15.09.21
    File Size
    8 MB
    Login to View
  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    592 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    780 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

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate Auctioneers
Cliffe - Roberts Limited Newton House, Newton Lane
Romsey
SO51 8GZ
Peter Cliffe-Roberts 01794 521 484peter@clifferoberts.com
Seller's Solicitors
Taylor Rose MW Stuart House,, St John’s Street
Peterborough
PE1 5DD
Karl Reynolds 01733 972 954Karl.Reynolds@taylor-rose.co.uk

Useful Links

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