6 Water Lane Totton, Near Southampton Hampshire SO40 3DP

6 Water Lane
Totton, Near Southampton
Hampshire
SO40 3DP

  • 6 Water Lane<br>Totton, Near Southampton<br>Hampshire<br>SO40 3DP

Freehold Charity Shop and Ground Rent Residential Investment

  • Let to the Carers Together Charity
  • Situated in a Busy Retail Neighbourhood Parade
  • Attractive Town on the Edge of The New Forest
  • 4 mile west of City of Southampton
  • Neighbouring occupiers include a Post Office, Motor World ,Subway, Estate Agents and a Coral Betting Shop
  • Lot
    6
  • Auction
    12/Jul/2022
  • Rent
    £15,025 per Annum Exclusive
  • Status
    Available
  • Price*
    £100,000 - £125,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
5 miles west of Southampton, 26 miles north-east of Bournemouth
Roads
A36, A35, A33, M27
Rail
Totton Railway Station
Air
Southampton Airport
Situation

Totton is an attractive City of Southampton commuter town situated some 4 miles west of the centre of Southampton. The property is situated within a busy parade on the north side of Water Lane close to its junction with Salisbury Road. Nearby occupiers include a Post Office, Motor World, Subway, Estate Agents and a Coral Betting Shop and an eclectic mix of local retailers on the same parade such as a Restaurant, a Barbers, a Florist and a DIY Store.

Tenure

Freehold.

Location
Miles
5 miles west of Southampton, 26 miles north-east of Bournemouth
Roads
A36, A35, A33, M27
Rail
Totton Railway Station
Air
Southampton Airport
Situation

Totton is an attractive City of Southampton commuter town situated some 4 miles west of the centre of Southampton. The property is situated within a busy parade on the north side of Water Lane close to its junction with Salisbury Road. Nearby occupiers include a Post Office, Motor World, Subway, Estate Agents and a Coral Betting Shop and an eclectic mix of local retailers on the same parade such as a Restaurant, a Barbers, a Florist and a DIY Store.

Tenure

Freehold.

Description

The property comprises ground floor retail unit and a maisonette on the first and second floors. The maisonette is accessed from the rear.

VAT

VAT is not applicable to this lot.

Completion Period

6 week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail unit and a maisonette on the first and second floors. The maisonette is accessed from the rear.

VAT

VAT is not applicable to this lot.

Completion Period

6 week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Reversion
Ground Charity Shop
85.4
(919)
CARERS TOGETHER
(1)
A term of years expiring
13/03/2020
£15,000
Holding Over
First
Second
Maisonette
-
-
INDIVIDUAL 999 years from 01/11/1987
until 2986
£25
31/10/2986
Total  
85.4
(919)
(2)
   
£15,025
 

(1) Carers Together are a charity registered under charity number 1051879. The charity currently operates 4 charity shops. (carerstogether.org.uk)
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    30.06.22
    File Size
    5 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    File Size
    2 MB
    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 060 519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate AuctioneersPeter Cliffe-Roberts 01962 880426 07836 587 779p.clifferoberts@trinity-rose.co.uk
Seller's Solicitors
Taylor Rose MW Stuart House,, St Johns Street
Peterborough
PE1 5DD
Karl Reynolds 01733 972 954Karl.Reynolds@taylor-rose.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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