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Status Withdrawn Prior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
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.
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
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.
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)
Contacts
Seller's Solicitors
Williams and Son Warwick House, 9 High Street Sutton Coldfield B72 1XB
