4, Savoy Buildings West Street Fareham Hampshire PO16 0AD

4, Savoy Buildings
West Street
Fareham
Hampshire
PO16 0AD

Freehold Retail Investment

Entirely let to WH Smith plc
Town Centre Location
Situated on Prime Pedestrianised Street
Nearby occupiers include Greggs, McDonald’s, Argos, Nationwide and Robert Dyas
Six Week Completion

Lot
33
Auction
23rd May 2013
Rent
£80,000 per Annum Exclusive
Status
Sold
Price
£890,000
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On behalf of Trustees

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Freehold Retail Investment

Entirely let to WH Smith plc
Town Centre Location
Situated on Prime Pedestrianised Street
Nearby occupiers include Greggs, McDonald’s, Argos, Nationwide and Robert Dyas
Six Week Completion

Lot 33
Auction 23rd May 2013
Rent £80,000 per Annum Exclusive
Status Sold
Price £890,000
Sector
High Street Retail
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On behalf of Trustees

Property Information

Location

Miles: 8 miles north-west of Portsmouth; 13 miles east of Southampton
Roads: A27, A32, M27 (Junction 11)
Rail: Fareham Rail
Air: Southampton Airport, Bournemouth International Airport

Situation

The property is situated in a prominent location on the northern side of West Street, the town’s prime pedestrianised retailing thoroughfare. Fareham Shopping Centre is located immediately to the north-east housing retailers such as Marks & Spencer, Next, Boots, Costa Coffee, Burger King and Debenhams. Other nearby occupiers include Greggs, McDonald’s, Argos, Nationwide and Robert Dyas.

Tenure

Freehold.

Location

Miles: 8 miles north-west of Portsmouth; 13 miles east of Southampton
Roads: A27, A32, M27 (Junction 11)
Rail: Fareham Rail
Air: Southampton Airport, Bournemouth International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first floor retail and ancillary accommodation.

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 comprises a ground floor retail unit with first floor retail and ancillary accommodation.

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 First	Retail Retail/Ancillary	492.01 sq m 436.92 sq m	(5,296 sq ft) (4,703 sq ft)	WH SMITH PLC (1)	15 years from 10/11/2004 until 09/11/2019 on a full repairing and insuring lease (2)	£80,000	10/11/2014
Totals		928.93 sq m	(9,999 sq ft)			£80,000

(1) For the year ending 31st August 2012, WH Smith plc reported a turnover of £1,243,000,000, pre-tax profits of £102,000,000 and a total net worth of £95,000,000. (Source: www.riskdisk.com 23/04/2013)
(2) The tenant’s repairing obligations in relation to the lift and air conditioning are disregarded. Please see the lease for further details.