City Centre location close to Royal South Hants Hospital and Southampton Crown Court
Nearby occupiers include Sainsbury’s Local and Coral along with a large number of bars and restaurants
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 53
Auction 13th October 2016
Rent £17,000 per Annum Exclusive
Status Sold
Price £212,500
Sector Restaurant
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
19 miles north-west of Portsmouth, 23 miles south of Salisbury
Roads
A33, M3 (Junction 14), M27 (Junctions 3 & 4)
Rail
Southampton Central Station
Air
Southampton International Airport
Situation
The property is situated on the east side of Bedford Place close to its junction with Henstead Place in Southampton City Centre. The 400 space Bedford Place car park is to the rear of the property and nearby occupiers include Sainsbury's Local and Coral along with a large number of bars and restaurants. Royal South Hants Hospital and Southampton Crown Court are also close by.
Tenure
Freehold.
Location
Miles
19 miles north-west of Portsmouth, 23 miles south of Salisbury
Roads
A33, M3 (Junction 14), M27 (Junctions 3 & 4)
Rail
Southampton Central Station
Air
Southampton International Airport
Situation
The property is situated on the east side of Bedford Place close to its junction with Henstead Place in Southampton City Centre. The 400 space Bedford Place car park is to the rear of the property and nearby occupiers include Sainsbury's Local and Coral along with a large number of bars and restaurants. Royal South Hants Hospital and Southampton Crown Court are also close by.
Tenure
Freehold.
Description
The property comprises a ground floor retail/restaurant unit with basement ancillary accommodation and a self contained residential flat on the first and second floors, let on a long lease. The property benefits from rear access off Lower Banister Street.
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
The property comprises a ground floor retail/restaurant unit with basement ancillary accommodation and a self contained residential flat on the first and second floors, let on a long lease. The property benefits from rear access off Lower Banister Street.
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
Reviews
Ground Basement
Retail/Restaurant Ancillary
82.23 sq m 23.53 sq m
(885 sq ft) (253 sq ft)
HEMMA LIMITED (t/a Lakaz Maman) (1)
15 years from 03/07/2015 until 02/07/2030 on a full repairing lease (2)
£17,000
03/07/2020 and 03/07/2025
First & Second
Residential
Not Measured
Individual
999 years from 01/01/2006
31/12/3004
Total Approximate Commercial Floor Area
105.76 sq m
(1,138 sq ft)
£17,000
(1) Lakaz Maman is a Mauritian Street Food Kitchen run by Shelina Permalloo, the winner of BBC's MasterChef 2012 (Source: http://www.lakazmaman.com 14/09/2016) (2) The lease provides for tenant options to determine the lease on 3rd July 2020 and 3rd July 2025
