391 Bitterne Road Bitterne Southampton Hampshire SO18 5RR

  • 391 Bitterne Road<br>Bitterne<br>Southampton<br>Hampshire<br>SO18 5RR

391 Bitterne Road
Bitterne
Southampton
Hampshire
SO18 5RR

Freehold Retail/Residential Investment

  • Shop let to Boots Opticians Professional Services Limited
  • Recently renewed 5-year lease from May 2024 (subject to options)
  • Boots in occupation since 2010
  • Separately-accessed maisonette above let on a long lease
  • Prominent pedestrianised location
  • Nearby occupiers include Sainsbury's (opposite), Iceland Supermarket, PureGym, Superdrug, Greggs, Domino's and JD Wetherspoon
  • VAT-free Investment
  • Lot
    36
  • Auction
    7th November 2024
  • Rent
    £18,500 per Annum Exclusive
  • Status
    Available
  • Guide*
    £150,000+
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Freehold Retail/Residential Investment

  • Shop let to Boots Opticians Professional Services Limited
  • Recently renewed 5-year lease from May 2024 (subject to options)
  • Boots in occupation since 2010
  • Separately-accessed maisonette above let on a long lease
  • Prominent pedestrianised location
  • Nearby occupiers include Sainsbury's (opposite), Iceland Supermarket, PureGym, Superdrug, Greggs, Domino's and JD Wetherspoon
  • VAT-free Investment
  • Lot 36
  • Auction 7th November 2024
  • Rent £18,500 per Annum Exclusive
  • Status Available
  • Guide* £150,000+
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
2 miles east of Southampton City Centre, 10 miles south of Winchester
Roads
A27, A3024, A334, M27 (Junction 7)
Rail
Bitterne Railway Station
Air
Southampton Airport
Situation

The property is prominently located on the north side of the pedestrianised Bitterne Road, in the heart of Bitterne Village, 2 miles east of Southampton City Centre. Nearby occupiers include Sainsbury's (opposite), Iceland Supermarket, PureGym, Superdrug, Greggs, Domino's and JD Wetherspoon.

Tenure

Freehold.

Location
Miles
2 miles east of Southampton City Centre, 10 miles south of Winchester
Roads
A27, A3024, A334, M27 (Junction 7)
Rail
Bitterne Railway Station
Air
Southampton Airport
Situation

The property is prominently located on the north side of the pedestrianised Bitterne Road, in the heart of Bitterne Village, 2 miles east of Southampton City Centre. Nearby occupiers include Sainsbury's (opposite), Iceland Supermarket, PureGym, Superdrug, Greggs, Domino's and JD Wetherspoon.

Tenure

Freehold.

Description

The property comprises a ground floor shop and a separately-accessed maisonette arranged on the first and second floors, let on a long lease.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Shop - Band C

Description

The property comprises a ground floor shop and a separately-accessed maisonette arranged on the first and second floors, let on a long lease.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Shop - Band C

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x.
Ground Retail/Ancillary
68.82
(740)
BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED (2)
(t/a Boots Opticians)
5 years from 01/05/2024 (3)
£18,500
First/Second Maisonette
66.00
(710)
AN INDIVIDUAL 125 years from 29/09/2013
Peppercorn
Total  
134.82
(1,450)
   
£18,500

(1) Areas provided by VOA and EPC register (www.gov.uk/find-business-rates)
(2) For the year ending 31/08/2023, Boots Opticians Professional Services Limited reported a turnover of £382,702,000 and a pre-tax profit of £34,952,000 (www.northrow.com)
(3) The lease is subject to a tenant option to determine on 30/04/2026 and 30/04/2028.

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    29.10.24
    File Size
    10 MB
    Login to View
  • Brochure
    Updated Date
    31.10.24
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Seller's Solicitors
Harold Benjamin Solicitors Hygeia Building, 66-68 College Road
Harrow
Middlesex
HA1 1BE
Varsha Sood 020 8872 3028varsha.sood@haroldbenjamin.com

Useful Links

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

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