Unbroken Freehold Retail and Residential Parade Investment
Unbroken parade comprising four shops, three flats & a rear yard with parking
Tenants include Dominos, two charity shops and a street food restaurant/take-away
Includes two flats let on AST's
Opportunity to convert first floor above 48E to residential (subject to lease)
Previous planning (now lapsed) for x2 storey roof extension to form x8 additional residential units
Prime High Street retailing location
Other nearby occupiers include Specsavers, Peacocks, Pizza Hut, Papa Johns Pizza, Costa and a range of local businesses
VAT free investment
Lot 7
Auction 30th October 2025
Rent £93,000 per Annum Exclusive
Status Available
Guide* £900,000 - £950,000
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
3 miles north of Portsmouth, 15 miles east of Southampton
Roads
M27 (Junction 12), A27, A3, A3(M)
Rail
Cosham Railway Station (direct service to London Waterloo)
Air
Southampton Airport
Situation
The property is prominently situated in a prime retailing location on High Street, benefitting from the proximity of a public car park to the rear for approximately 530 parking spaces. Nearby occupiers include Specsavers, Peacocks, Pizza Hut, Papa Johns Pizza, Costa and a range of local businesses
Tenure
Freehold.
Location
Miles
3 miles north of Portsmouth, 15 miles east of Southampton
Roads
M27 (Junction 12), A27, A3, A3(M)
Rail
Cosham Railway Station (direct service to London Waterloo)
Air
Southampton Airport
Situation
The property is prominently situated in a prime retailing location on High Street, benefitting from the proximity of a public car park to the rear for approximately 530 parking spaces. Nearby occupiers include Specsavers, Peacocks, Pizza Hut, Papa Johns Pizza, Costa and a range of local businesses
Tenure
Freehold.
Description
The property comprises an unbroken parade of four shops arranged on the ground floor, with three separately accessed residential flats arranged on the first floor. The property benefits from car parking for approximately 8 cars and servicing to the rear, accessed from Wootton Street.
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 an unbroken parade of four shops arranged on the ground floor, with three separately accessed residential flats arranged on the first floor. The property benefits from car parking for approximately 8 cars and servicing to the rear, accessed from Wootton Street.
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 sq m
Floor Areas Approx sq ft
Tenant
Term
Rent Review
Rent p.a.x.
Ground
Retail
87.10
(938)
FRIENDS FIGHTING CANCER LIMITED (t/a Friends Fighting Cancer)
10 years from 14/07/2023
14/07/2028 (1)
£16,000
First
Residential
-
(-)
AN INDIVIDUAL
125 years from 01/12/2004
-
Peppercorn
Ground
Retail
89.00
(958)
A N SOHEL (t/a Tex Mex Street)
20 years from 10/05/2022
10/05/2027 & 5 yearly thereafter
£12,000
First
Residential - 2 bed flat
54.81
(590)
AN INDIVIDUAL
AST - 1 year from 15/02/2025 at £1,100 pcm
£13,200
Ground
Retail
98.94
(1,065)
DP REALTY LIMITED (t/a Dominos)
20 years from 18/02/2008
-
£21,000
First
Residential - 2 bed flat
54.90
(591)
AN INDIVIDUAL
AST - 1 year from 10/11/2024 at £1,025 pcm
£12,300
Ground First
Retail Ancillary
116.50 58.00
(1,254) (624)
WESSEX CHILDREN'S HOSPICE TRUST (t/a Naomi House & Jacksplace)
10 years from 02/08/2019
-
£18,500
Total Approximate Floor Area
559.28 (2)
(6,020) (2)
£93,000
(1) There is a mutual option to determine the lease on 14/07/2028.
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.
