Let to the British Heart Foundation with no break clause
Town Centre Location
Approximately 157.90 sq m (1592 sq ft)
Nearby occupiers include Tesco, Lloyds, Superdrug, Costa, Burger King, Greggs, Ladbrokes, Hays Travel and a number of public car parks
Lot 29
Auction 27th March 2025
Rent £19,260 per Annum Exclusive
Status Available
Guide* £180,000 - £200,000
Sector Retail, High Street Retail
Auction Venue Live Streamed Auction
On Behalf of SIPP Trustees
Property Information
Location
Miles
3 miles north of Portsmouth, 15 miles east of Southampton, 73 miles south of London
Roads
M27, A27, A3, A3(M)
Rail
Cosham Railway Station
Air
Southampton Airport
Situation
The property is prominently situated on the west side of the High Street, close to its junction with Spur Road. Neighbouring occupiers include Tesco, Lloyds, Superdrug, Costa, Burger King, Greggs, Ladbrokes, Hays Travel and a number of public car parks.
Tenure
Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn rent.
Location
Miles
3 miles north of Portsmouth, 15 miles east of Southampton, 73 miles south of London
Roads
M27, A27, A3, A3(M)
Rail
Cosham Railway Station
Air
Southampton Airport
Situation
The property is prominently situated on the west side of the High Street, close to its junction with Spur Road. Neighbouring occupiers include Tesco, Lloyds, Superdrug, Costa, Burger King, Greggs, Ladbrokes, Hays Travel and a number of public car parks.
Tenure
Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn rent.
Description
The property comprises a ground floor retail unit that benefits from rear access and loading.
VAT
VAT is applicable to this lot.
EPC
Band C.
Description
The property comprises a ground floor retail unit that benefits from rear access and loading.
VAT
VAT is applicable to this lot.
EPC
Band C.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx (sq ft)
Tenant
Term
Rent p.a.x.
Reversion
Ground
Retail
157.90
(1700) (1)
BRITISH HEART FOUNDATION (CRN: 00699547) (1)
10 years from 25/07/2018
£19,260
24/07/2028
(1) British Heart Foundation are a registered charity under No 225971. For the year ending 31st March 2024 British Heart Foundation (crn 00699547) reported a Total Funds of £138,300,000. (Source: Annual Report and Accounts as published at Companies House. 3/03/2025)
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.
