11 - 13 West Street Havant Hampshire PO9 1EX

11 - 13 West Street
Havant
Hampshire
PO9 1EX

Freehold Retail Investment

Entirely let to William McIlroy Swindon Limited until 2070 t/a M & Co (No breaks).
Pedestrianised town centre location.
Neighbouring occupiers include McDonald’s, NatWest, New Look, Boots the Chemist, Costa Coffee.
Six Week Completion

Lot
37
Auction
17th October 2013
Rent
£94,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail Investment

Entirely let to William McIlroy Swindon Limited until 2070 t/a M & Co (No breaks).
Pedestrianised town centre location.
Neighbouring occupiers include McDonald’s, NatWest, New Look, Boots the Chemist, Costa Coffee.
Six Week Completion

Lot 37
Auction 17th October 2013
Rent £94,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 7 miles north-east of Portsmouth; 11 miles west of Chichester
Roads: A27, A3(M) Junction 4, M27
Rail: Havant Railway Station (approximately 1 hour 20 mins direct; to London Waterloo)
Air: Southampton Airport, Gatwick Airport

Situation

The property is situated on the south side of the busy pedestrianised West Street. Neighbouring occupiers include McDonald’s, NatWest, New Look, Boots the Chemist and Costa Coffee.

Tenure

Freehold.

Location

Miles: 7 miles north-east of Portsmouth; 11 miles west of Chichester
Roads: A27, A3(M) Junction 4, M27
Rail: Havant Railway Station (approximately 1 hour 20 mins direct; to London Waterloo)
Air: Southampton Airport, Gatwick Airport

Situation

The property is situated on the south side of the busy pedestrianised West Street. Neighbouring occupiers include McDonald’s, NatWest, New Look, Boots the Chemist and Costa Coffee.

Tenure

Freehold.

Description

The property has a prominent frontage to West Street and comprises retail and ancillary accommodation on both ground floor and first floor. The property benefits from rear access from Bulbeck Road.

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 has a prominent frontage to West Street and comprises retail and ancillary accommodation on both ground floor and first floor. The property benefits from rear access from Bulbeck Road.

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.	Reviews
Ground First	Retail/Ancillary Retail/Ancillary	468.18 sq m 423.61 sq m	(5,039 sq ft) (4,560 sq ft)	WILLIAM McILROY SWINDON LIMITED on assignment from Courtalds Plc (t/a M & Co) (1)	99 years from 25/12/1971 until 2070 on a full repairing and insuring lease	£94,000	25/12/2016 and 5 yearly
Totals		891.79 sq m	(9,599 sq ft)			£94,000

(1) William McIlroy Swindon Limited was incorporated in 1955 and is a subsidiary of Mackays Stores (Holdings) Limited. M & Co are one of the largest privately owned fashion retailers in the UK and operate from 300 stores nationwide and an online store. (www.mandcom.com)
For the year ending 22nd February 2013, Mackays Stores (Holdings) Ltd reported a turnover of £5,407,000, pre-tax profits of £4,623,000 and a net worth of £53,476,000. (Source: www.riskdisk.com 18/09/2013)