Friary House 36 Middle Brook Street Winchester Hampshire SO23 8DQ

Friary House 36
Middle Brook Street
Winchester
Hampshire
SO23 8DQ

Leisure Investment in Affluent and Historic City

Let to New Energy Fitness Limited until January 2028
Lease outside of the Security of Tenure Provisions of the L&T Act 1954
Tenant in occupation since 2013
Includes rear car park used as outside studio
Approximately 654.29 sq m (7,043 sq ft)
Central location near the High Street and Brooks Shopping Centre
Major occupiers nearby include Primark, Sainsbury's, McDonald's, Marks and Spencer, Starbucks and KFC

Lot
6
Auction
30th March 2023
Rent
£85,000 per Annum Exclusive
(3)
Status
Sold Post
Price
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund

Interested?

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Leisure Investment in Affluent and Historic City

Let to New Energy Fitness Limited until January 2028
Lease outside of the Security of Tenure Provisions of the L&T Act 1954
Tenant in occupation since 2013
Includes rear car park used as outside studio
Approximately 654.29 sq m (7,043 sq ft)
Central location near the High Street and Brooks Shopping Centre
Major occupiers nearby include Primark, Sainsbury's, McDonald's, Marks and Spencer, Starbucks and KFC

Lot 6
Auction 30th March 2023
Rent £85,000 per Annum Exclusive (3)
Status Sold Post
Price
Sector
Leisure
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund

Property Information

Location

Miles: 12 miles north of Southampton, 17 miles south of Basingstoke
Roads: A31, A34, A303, M3 (Junction 9-11)
Air: Bournemouth Airport, London Heathrow

Situation

The property is situated in a central location on Middle Brook Street at its junction with Cossack Lane, approximately 100 metres north of the High Street and the 20 unit Brooks Shopping Centre. The property also benefits from being opposite the 140 space Middle Brook Street Car park.

Major occupiers nearby include Primark, Sainsbury's, McDonald's, Marks and Spencer, Starbucks and KFC.

Tenure

Long Leasehold. Held from Winchester City Council for a term of 125 years expiring on 21/12/2101 at a fixed peppercorn rent.

Location

Miles: 12 miles north of Southampton, 17 miles south of Basingstoke
Roads: A31, A34, A303, M3 (Junction 9-11)
Air: Bournemouth Airport, London Heathrow

Situation

Tenure

Long Leasehold. Held from Winchester City Council for a term of 125 years expiring on 21/12/2101 at a fixed peppercorn rent.

Description

The property is an attractive Grade II listed building with a 2 storey extension, comprises leisure accommodation on the ground and first floors.

The property also benefits from on site car parking for approximately 10 cars currently being used as an outside studio and from being directly opposite the Middle Brook Public Car Park.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx sq m) (1)	Floor Areas (Approx sq ft) (1)	Tenant	Term	Rent p.a.x.	(Reversion)
Ground First	Leisure Leisure	389.36 264.93	(4,191) (2,852)	NEW ENERGY FITNESS LIMITED (CRN 07921586) (2) with personal guarantees	5 years from 30/01/2023 (2) (3)	£85,000	(30/01/2028)
Total Approximate Floor Area		654.29	(7,043)			£85,000

(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/search?_ga=2.256856075.145687116.1676888703-583597255.1671190025)
(2) New Energy Fitness Limited is an independent fitness centre that offers state of the art gym facilities, a range of classes, personal training and a wide range of physical therapists. See https://www.newenergyfitness.co.uk/.
(3) The lease benefits from being outside of the security of tenure provisions act 1954.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.