23-35 and 37-47 Bond Street Southampton SO14 5QA

23-35 and 37-47 Bond Street
Southampton
SO14 5QA

Substantial Freehold Industrial Ground Investment

  • Entirely let to W H Rowe & Son until 2059
  • Nearby occupiers include Double Take Motorcycles, Oil Spill Response and MX Wholesale Cash & Carry
  • Established industrial area
  • Approximate site area of 0.309 hectares (0.763 acres)
  • Imminent Rent Review
  • Lot
    18
  • Auction
    24th May 2012
  • Rent
    £31,425 per Annum Exclusive
  • Status
    Sold
  • Price
    £500,000
  • Sector
    Ground Rent
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Southampton City Council
Important Update
  • Expand
  • Photos
  • Map

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

Substantial Freehold Industrial Ground Investment

  • Entirely let to W H Rowe & Son until 2059
  • Nearby occupiers include Double Take Motorcycles, Oil Spill Response and MX Wholesale Cash & Carry
  • Established industrial area
  • Approximate site area of 0.309 hectares (0.763 acres)
  • Imminent Rent Review
  • Lot 18
  • Auction 24th May 2012
  • Rent
  • Status Sold
  • Price £500,000
  • Sector
    Ground Rent
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Southampton City Council

Property Information

Location
Miles
1 mile east of Southampton city centre, 19 miles north-west of Portsmouth
Roads
B3038, A3024, A33
Rail
Southampton Rail Station
Air
Southampton International Airport
Situation

The property is situated in an established industrial location on the north side of Bond Street. Nearby occupiers include Double Take Motorcycles, Oil Spill Response and MX Wholesale Cash & Carry.

Tenure

Freehold.

Location
Miles
1 mile east of Southampton city centre, 19 miles north-west of Portsmouth
Roads
B3038, A3024, A33
Rail
Southampton Rail Station
Air
Southampton International Airport
Situation

The property is situated in an established industrial location on the north side of Bond Street. Nearby occupiers include Double Take Motorcycles, Oil Spill Response and MX Wholesale Cash & Carry.

Tenure

Freehold.

Description

The property comprises a parcel of land on which has been built
two adjoining industrial units, with a total approximate site area of
0.309 hectares (0.763 acres).

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 parcel of land on which has been built
two adjoining industrial units, with a total approximate site area of
0.309 hectares (0.763 acres).

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) Site Area Tenant Term Rent p.a.x Reviews
23-35



Industrial

934.23 sq m

(10,056 sq ft)

0.387 Acres
W H ROWE &SON LTD (1)

89 years from 01/02/1970
until 30/06/2059
£16,325 01/02/2036 (2)
37-47 Industrial
567.73 sq m

(6,111 sq ft)
0.376 Acres
W H ROWE &SON LTD (1)
82 years from 30/06/1977
until 30/06/2059
£15,100 30/06/2012 and five
yearly thereafter (2)
Totals  
1,501.96 sq m
(16,167 sq ft)
0.763 Acres
    £31,425  

(1) Established in 1932, W H Rowe has acquired a reputation for being one of the most reliable volume producers of high quality aluminium castings in the UK today. (Source: www.whrowe.com 03/04/2012) The tenant also occupies the adjoining property.
(2) The rent is to be reviewed to the open market rental value of the property, without the benefit of the buildings on site.

Property Documents

  • Site Plan
    Updated Date
    23.09.15
    File Size
    368 KB
    View PDF
  • Site Map
    Updated Date
    23.09.15
    File Size
    368 KB
    View PDF
  • Catalogue Page
    Updated Date
    23.09.15
    File Size
    420 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
Associate Auctioneers
Capita Symonds One Guildhall Square,
Southampton
Hampshire
SO14 7FP
Fiona James 02380 833 081fiona.james@capita.co.uk
Seller's Solicitors
Southampton City Council Civic Centre
Southampton
SO14 7LT
Paul Barber 02380 834 145paul.barber@southampton.gov.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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