55 St Albans Road Havant Hampshire PO9 2JR

55 St Albans Road
Havant
Hampshire
PO9 2JR

Modern Retail Investment in popular South East coastal town

  • Let to Southern Co-operatives Limited until 2027
  • Prominantly situated in established residential area
  • New 15 year lease to be granted upon completion
  • Six week completion period available
  • Lot
    16
  • Auction
    23rd February 2012
  • Rent
    £28,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Supermarket
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
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Modern Retail Investment in popular South East coastal town

  • Let to Southern Co-operatives Limited until 2027
  • Prominantly situated in established residential area
  • New 15 year lease to be granted upon completion
  • Six week completion period available
  • Lot 16
  • Auction 23rd February 2012
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Supermarket
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
6 miles north-east of Portsmouth, 11 miles west of Chichester, 23 miles south-east of Winchester
Roads
A3(M), M27, A27
Rail
Havant Railway Station, direct to London Waterloo and London Victoria
Air
Southampton International Airport
Situation

The property is situated opposite a small retail parade on St Albans Road and serves a wide catchment in a densely populated residential area, close to local schools, an industrial estate and business park.

Tenure

Long Leasehold. Long Leasehold. Held from Gosport Council for a term of 99 years from 1962 at fixed rent of £150 per annum.

Location
Miles
6 miles north-east of Portsmouth, 11 miles west of Chichester, 23 miles south-east of Winchester
Roads
A3(M), M27, A27
Rail
Havant Railway Station, direct to London Waterloo and London Victoria
Air
Southampton International Airport
Situation

The property is situated opposite a small retail parade on St Albans Road and serves a wide catchment in a densely populated residential area, close to local schools, an industrial estate and business park.

Tenure

Long Leasehold. Long Leasehold. Held from Gosport Council for a term of 99 years from 1962 at fixed rent of £150 per annum.

Description

The property comprises a detached purpose built convenience store with ground floor retail accommodation and first floor staff accommodation to the rear. In addition the property benefits from gated side access for loading.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property comprises a detached purpose built convenience store with ground floor retail accommodation and first floor staff accommodation to the rear. In addition the property benefits from gated side access for loading.

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
First
Retail
Ancillary
237 sq m
18.73 sq m
(2,551 sq ft)
(201 sq ft)
SOUTHERN
CO-OPERATIVES
LTD (1)
15 years from completion
of the sale until 2027,
on a full repairing and
insuring lease
£28,000 29/03/2017
and 5 yearly
  Totals
255.73 sq m
(2,752 sq ft)
    £28,000  

For the year ending 30/01/2010 Southern Co-Operatives Limited reported a turnover of £264,470,000, a pre-tax profit of £28,305,000 and a total net worth of £72,065,000. (Source www.riskdisk.co.uk 25/01/2012)

Property Documents

  • Catalogue Page
    Updated Date
    23.09.15
    File Size
    154 KB
    View PDF
  • Site Plan
    Updated Date
    23.09.15
    File Size
    30 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
Peter CunliffePeter Cunliffe +44 (0)20 7034 4850peter.cunliffe@acuitus.co.uk
Tom RyderTom Ryder +44 (0)20 7034 4858 tom.ryder@acuitus.co.uk
Seller's Solicitors
Penningtons Manches LLP 125 Wood Street
London,
EC2V 7AW
020 7421 4830
Martin Codd 020 7457 3013martin.codd@penningtons.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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