10 The Hundred Romsey Hampshire SO51 8BW

10 The Hundred
Romsey
Hampshire
SO51 8BW

Freehold Retail Investment

Let to Superdrug Stores until 2023 (no breaks)
Tenant in occupation for over 30 years
Potential to convert self-contained upper floors to residential (subject to lease and consents)
Prime location in an affluent Hampshire market town
Nearby occupiers include Boots the Chemist, Barclays Bank, New Look and Co-Operative Food
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
5
Auction
9th July 2015
Rent
£72,500 per Annum Exclusive
Status
Sold
Price
£1,335,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Superdrug Stores until 2023 (no breaks)
Tenant in occupation for over 30 years
Potential to convert self-contained upper floors to residential (subject to lease and consents)
Prime location in an affluent Hampshire market town
Nearby occupiers include Boots the Chemist, Barclays Bank, New Look and Co-Operative Food
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 5
Auction 9th July 2015
Rent £72,500 per Annum Exclusive
Status Sold
Price £1,335,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 8 miles north-west of Southampton, 10 miles south-west of Winchester
Roads: A36, M3, M27
Rail: Romsey Railway Station
Air: Southampton Airport

Situation

Romsey is an affluent and attractive Hampshire market town on the edge of the New Forest, located 8 miles north-west of Southampton and 10 miles south-west of Winchester. The property is situated in a prime and busy position on the north side of The Hundred at its junction with Corn Market. Nearby occupiers include Boots the Chemist, Clarks, Barclays Bank, New Look, Aldi,
Waitrose and Co-Operative Food.

Tenure

Freehold.

Location

Miles: 8 miles north-west of Southampton, 10 miles south-west of Winchester
Roads: A36, M3, M27
Rail: Romsey Railway Station
Air: Southampton Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with self-contained ancillary accommodation on the first and second floors, accessed from a side yard. The first and second floors, which we understand are not currently used by the tenant, have potential to be converted to residential use (subject to the necessary consents). The property benefits from car parking to the rear for approximately six cars.

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.

EPC

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

Description

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 Second	Retail/Ancillary Ancillary Ancillary	439.33 sq m 80.64 sq m 65.31 sq m	(4,729 sq ft) (868 sq ft) (703 sq ft)	SUPERDRUG STORES PLC (1)	10 years from 04/07/2013 on a full repairing and insuring lease	£72,500	04/07/2018
Totals		585.28 sq m	(6,300 sq ft)			£72,500

(1) For the year ending 28/12/2013, Superdrug Stores plc reported a turnover of £1,010,212,000, pre-tax profits of £28,982,000 and a total net worth of £122,235,000. (Source: www.riskdisk.com 23/04/2015)