84 Above Bar Street Southampton SO14 7DT

84 Above Bar Street
Southampton
SO14 7DT

Freehold Building Society Investment

Entirely let to Chelsea Building Society
Includes self-contained residential flat on the second floor (sublet)
City Centre location between West Quay Shopping Centre and Marlands Shopping Centre
Nearby occupiers include Boots Opticians, BHS, Primark, TK Maxx and Pret A Manger
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
4
Auction
12th February 2015
Rent
£96,500 per Annum Exclusive
Status
Sold
Price
£690,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Building Society Investment

Entirely let to Chelsea Building Society
Includes self-contained residential flat on the second floor (sublet)
City Centre location between West Quay Shopping Centre and Marlands Shopping Centre
Nearby occupiers include Boots Opticians, BHS, Primark, TK Maxx and Pret A Manger
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 4
Auction 12th February 2015
Rent £96,500 per Annum Exclusive
Status Sold
Price £690,000
Sector
Bank
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 19 miles north-west of Portsmouth 23 miles south of Salisbury
Roads: A33, M3 (Junction 14), M27 (Junctions 3 & 4)
Rail: Southampton Central Station
Air: Southampton International Airport

Situation

The property is situated in a prominent location on the eastern side of Above Bar Street, Southampton’s prime retailing thoroughfare. Marlands Shopping Centre is located diagonally opposite the property with West Quay Shopping Centre a very short walk away.
Other nearby occupiers include Boots Opticians, Primark, BHS, Starbucks, Top Shop, WH Smith, JD Sports and Waterstones.

Tenure

Freehold.

Location

Miles: 19 miles north-west of Portsmouth 23 miles south of Salisbury
Roads: A33, M3 (Junction 14), M27 (Junctions 3 & 4)
Rail: Southampton Central Station
Air: Southampton International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor building society with first floor ancillary accomodation. In addition, there is a self-contained residential flat on the second floor which has separate access from the rear.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Tel: (0)20 7034 4858.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Viewings

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.	Reversion
Ground First Second	Building Society/Ancillary Ancillary Residential (sublet)	171.86 sq m 54.53 sq m Understood to comprise 3 rooms, kitchen & bathroom	(1,850 sq ft) (587 sq ft)	CHELSEA BUILDING SOCIETY (1)	15 years from 25/06/2001 on a full repairing and insuring lease	£96,500	24/06/2016
Totals		226.39 sq m	(2,437 sq ft)			£96,500

(1) Chelsea Building Society is one of the largest building societies in the UK, following the merger with Yorkshire Building Society in April 2010. The organisation currently has assets with a combined value of over £33 billion. (Source:www.thechelsea.co.uk 15/01/15). We understand the tenant sublets the second floor flat on a 12 month AST from 4th December 2014 at £625 pcm (£7,500 pa)