152 Commercial Road Portsmouth Hampshire PO1 1EA

152 Commercial Road
Portsmouth
Hampshire
PO1 1EA

Freehold Retail Investment

Let to Top Shop/Top Man Properties Limited on a renewed lease
Rent re-based from £214,500 p.a.x.
Group company of the tenant in occupation since 1998
Pedestrianised city centre location
Opposite Cascades Shopping Centre
Nearby occupiers include Primark, Marks & Spencer, Boots the Chemist, Debenhams, WHSmith and Wilko
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
41
Auction
23rd March 2016
Rent
£160,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Insolvency Practitioners Deloitte

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Freehold Retail Investment

Let to Top Shop/Top Man Properties Limited on a renewed lease
Rent re-based from £214,500 p.a.x.
Group company of the tenant in occupation since 1998
Pedestrianised city centre location
Opposite Cascades Shopping Centre
Nearby occupiers include Primark, Marks & Spencer, Boots the Chemist, Debenhams, WHSmith and Wilko
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 41
Auction 23rd March 2016
Rent £160,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Insolvency Practitioners Deloitte

Property Information

Location

Miles: 17 miles west of Chichester, 20 miles south-east of Southampton
Roads: A3, A27 M27
Rail: Portsmouth & Southsea Railway Station
Air: Southampton Airport

Situation

The property is situated in an excellent trading position on the east side of pedestrianised Commercial Road, in the heart of Portsmouth city centre. The Cascades Shopping Centre is opposite, with tenants including Marks & Spencer, Next, Primark and H&M all represented. Other neighbouring occupiers include Boots the Chemist, Debenhams, Waterstones and Wilko.

Tenure

Freehold.

Location

Miles: 17 miles west of Chichester, 20 miles south-east of Southampton
Roads: A3, A27 M27
Rail: Portsmouth & Southsea Railway Station
Air: Southampton Airport

Situation

Tenure

Freehold.

Description

The property comprises well configured retail accommodation on the ground and part first floors, with ancillary accommodation on the rest of the first floor and the entire second floor. The property benefits from rear access off Paradise Street.

Six Week Completion

Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

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	Reversion
Ground First Second	Retail/Ancillary Retail/Ancillary Ancillary	283.25 sq m 187.01 sq m 49.52 sq m	(3,049 sq ft) (2,013 sq ft) (533 sq ft)	TOPSHOP/TOPMAN PROPERTIES LIMITED (1)	5 years from 24/04/2014 on a full repairing and insuring lease	£160,000	23/04/2019
Totals		519.78 sq m	(5,595 sq ft)			£160,000

(1) Topshop was founded in 1964 and now has over 300 stores in the UK alone, with its major flagship store in Oxford Circus, London. Topshop now ships to over 100 countries worldwide. (Source: www.topshop.com)