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 12th July 2022
Rent £15,025 per Annum Exclusive
Status Sold
Price £158,000
Sector High Street Retail
Auction Venue Live Streamed Auction
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.
