Guy Salmon Land Rover Showroom Compass Road, North Harbour Portsmouth Hampshire PO6 4SJ

Guy Salmon Land Rover Showroom
Compass Road, North Harbour
Portsmouth
Hampshire
PO6 4SJ

Freehold Car Showroom Investment

Let to William Jacks Limited (Part of the Sytner Group) t/a Guy Salmon Land Rover
Approximately 0.60 hectares (1.48 acres) with 24% site coverage
Forecourt car parking for 100+ cars
2015 rent review to be settled
Neighbouring occupiers include Tesco Extra, Blake Morgan LLP, Portsmouth Marriott Hotel, Premier Inn and Ford, KIA and Honda
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
15
Auction
13th October 2016
Rent
£206,400 per Annum Exclusive
Status
Sold
Price
£2,430,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of a Major Fund

Interested?

Expand
Photos
Map

Freehold Car Showroom Investment

Let to William Jacks Limited (Part of the Sytner Group) t/a Guy Salmon Land Rover
Approximately 0.60 hectares (1.48 acres) with 24% site coverage
Forecourt car parking for 100+ cars
2015 rent review to be settled
Neighbouring occupiers include Tesco Extra, Blake Morgan LLP, Portsmouth Marriott Hotel, Premier Inn and Ford, KIA and Honda
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 15
Auction 13th October 2016
Rent £206,400 per Annum Exclusive
Status Sold
Price £2,430,000
Sector
Motor Trade, Petrol Station
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of a Major Fund

Property Information

Location

Miles: 16 miles south-east of Southampton, 14 miles west of Chichester
Roads: A3, A27, M27
Rail: Cosham Railway Station
Air: Southampton Airport

Situation

Port Solent is an affluent mixed use district centred around a significant marina and situated some 4 miles north of Portsmouth City Centre and adjacent to the busy M27. The property is situated in a busy commercial area on the south side of Compass Road close to its junction with Binnacle Way. Neighbouring occupiers include Tesco Extra, Portsmouth Marriott Hotel, Premier Inn and Ford, Kia and Honda car dealerships.

Tenure

Freehold.

Location

Miles: 16 miles south-east of Southampton, 14 miles west of Chichester
Roads: A3, A27, M27
Rail: Cosham Railway Station
Air: Southampton Airport

Situation

Tenure

Freehold.

Description

The property, a modern car showroom on the ground floor with office accommodation on first floor, comprises a site area of approximately 0.60 hectares (1.48 acres), benefiting from a low site density of approximately 24% with forecourt parking for approximately 127 cars.

VAT

VAT is 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 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	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground First	Showroom Office/Ancillary	1,176.00 sqm 251.00 sq m	(12,667sq ft) (2,703 sq ft)	WILLIAM JACKS PLC (t/a Guy Salmon Land Rover) (1)	20 years from 25/09/2000 on a full repairing and insuring lease	£206,400	24/09/2015 (24/09/2020)
Totals		1,427.00 sq m	(15,370 sq ft)			£206,400

(1) William Jacks Limited were incorporated in 1926 and were purchased by Sytner Group in 2005. Sytner Group represents 20 of the world’s most desirable car manufacturers in over 100 dealerships across the UK (Source: www.sytner.co.uk). For the year ending 31st December 2014, Sytner Group Limited reported a turnover of £3,665,451,000, pre-tax profits of £81,393,000 and a total net worth of £87,057,000. (Source: www.riskdisk.com 09/09/2016).