447 Milbrook Road West Southampton Hampshire SO15 0HX

447 Milbrook Road West
Southampton
Hampshire
SO15 0HX

Freehold Convenience Store Investment

Let to T&S Stores Limited (part of Tesco Plc) until 2024
Located on busy Millbrook Road West (A33)
2 miles west of Southampton city centre
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
89
Auction
7th July 2016
Rent
£14,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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Freehold Convenience Store Investment

Let to T&S Stores Limited (part of Tesco Plc) until 2024
Located on busy Millbrook Road West (A33)
2 miles west of Southampton city centre
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 89
Auction 7th July 2016
Rent £14,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Supermarket/Convenience
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

Property Information

Location

Miles: 14 miles south-west of Winchester, 20 miles north-west of Portsmouth, 77 miles south-west of London
Roads: A33, M3, M27
Rail: Millbrook Rail
Air: Southampton International Airport

Situation

The property is situated 2 miles west of Southampton city centre and forms part of a retail parade fronting the busy Millbrook Road West (A33). Nearby occupiers include Ladbrokes and Halfords, along with a number of independent retailers

Tenure

Freehold.

Location

Miles: 14 miles south-west of Winchester, 20 miles north-west of Portsmouth, 77 miles south-west of London
Roads: A33, M3, M27
Rail: Millbrook Rail
Air: Southampton International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor convenience store with a self-contained maisonette on upper floors, accessed from the rear. The property forms part of a larger building occupied by the tenant, the remainder of which does not form part of the demise for sale.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor	Use	Dimensions			Tenant	Term	Rent p.a.x	Review
Ground First/Second	Convenience Store Residential	Gross Frontage Net Frontage Shop Depth Built Depth Not Measured	6.15 m 5.10 m 14.90 m 15.30 m	(20' 2&) (16' 9&) (48' 10&) (50' 3&)	T & S STORES LIMITED (1) (t/a One Stop) (2)	25 years from 26/03/1999 until 25/03/2024	£14,000	26/03/2019
Total							£14,000

(1) For the year ending 28th February 2015, T & S Stores Limited reported a total net worth of £573,589,000. (Source: Experian Group 09/06/2016) T & S Stores Limited is a subsidiary of Tesco Plc. Tesco is one of the world’s largest retailers, with over 6,902 shops around the world and 476,000 employees. (Source: www.tescoplc.com 09/06/2016)
(2) One Stop is a retail convenience business with over 700 shops employing over 10,000 people. (Source: www.onestop.co.uk 09/06/2016)