Let to St Michael’s Hospice (North Hampshire) Retail Limited
In occupation since 2000
Prominent Town Centre Location
Nearby occupiers include Costa Coffee, The Co-Operative, Boots the Chemist, Barclays Bank, Waterstones and Santander
£23,000 per annum exclusive (gross)
Six Week Completion
Lot 2
Auction 23rd May 2013
Rent £23,000 per Annum Exclusive
Status Sold
Price £260,000
Sector High Street Retail
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
Property Information
Location
Miles
17 miles north-east of Winchester, 20 miles south-west of Guildford
Roads
A3, M3
Rail
Alton Railway Station
Air
London Heathrow Airport, London Gatwick Airport, Southampton Airport
Situation
The property is situated in the heart of the attractive and affluent historic market town of Alton. The property lies within the Alton Conservation Area. Nearby occupiers include Costa Coffee, The Co-Operative, Boots the Chemist, Barclays Bank, Waterstones and Santander.
Tenure
Virtual Freehold. Virtual Freehold. Held for a term of 999 years from 26th November 2009 at a current rent reserved of £250 per annum exclusive.
Location
Miles
17 miles north-east of Winchester, 20 miles south-west of Guildford
Roads
A3, M3
Rail
Alton Railway Station
Air
London Heathrow Airport, London Gatwick Airport, Southampton Airport
Situation
The property is situated in the heart of the attractive and affluent historic market town of Alton. The property lies within the Alton Conservation Area. Nearby occupiers include Costa Coffee, The Co-Operative, Boots the Chemist, Barclays Bank, Waterstones and Santander.
Tenure
Virtual Freehold. Virtual Freehold. Held for a term of 999 years from 26th November 2009 at a current rent reserved of £250 per annum exclusive.
Description
The property provides retail and ancillary accommodation on the ground floor and forms part of a larger building.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property provides retail and ancillary accommodation on the ground floor and forms part of a larger building.
VAT
VAT is 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)
Tenant
Term
Rent p.a.x
Review
Ground
Retail/Ancillary
96.10 sq m
(1,034 sq ft)
ST MICHAEL’S HOSPICE (NORTH HAMPSHIRE) RETAIL LIMITED (1)
10 years from 03/10/2010 until 02/10/2020 on a full repairing and insuring lease (2)
£23,000
03/10/2015
Totals
96.10 sq m
(1,034 sq ft)
£23,000
(1) St Michael’s Hospice (North Hampshire) are a registered palliative care and support for those with life limiting illnesses in North Hampshire. St Michael’s Hospice (North Hampshire) Retail Limited provides substantial funding to the Hospice from its 8 retail shops throughout North Hampshire. www.stmichaelshospice.org.uk. (2)The lease provides for a tenant option to determine the lease on expiry of the 6th year of the term. The tenant has written to the seller indicating that they wish to remove the option subject to agreeing terms.
