377-379 Bitterne Road Bitterne Village Southampton Hampshire SO18 5RR
377-379 Bitterne Road Bitterne Village Southampton Hampshire SO18 5RR
Freehold Retail/Office Investment
Entirely Let to Countrywide Estate Agents t/a Morris Dibben until December 2026
Includes Well positioned Retail unit and self contained offices
Residential Conversion Potential of the Offices (subject to consents)
2021 Tenant Break option NOT Exercised.(3)
Neighbouring occupiers include Connells Estate Agent, Fox and Sons Estate Agent, Leaders Estate Agent, Halifax, Nationwide Building Society and Sainsburys
Entirely Let to Countrywide Estate Agents t/a Morris Dibben until December 2026
Includes Well positioned Retail unit and self contained offices
Residential Conversion Potential of the Offices (subject to consents)
2021 Tenant Break option NOT Exercised.(3)
Neighbouring occupiers include Connells Estate Agent, Fox and Sons Estate Agent, Leaders Estate Agent, Halifax, Nationwide Building Society and Sainsburys
Lot 27
Auction 4th November 2021
Rent £31,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles east of Southampton City Centre
10 miles south of Winchester
Roads
A3024, A3025, M27
Rail
Bitterne Train Station
Air
Southampton Airport
Situation
The property is located on the north side of the pedestrianised Bitterne Road in the heart of Bitterne Village which sits 2 miles east of Southampton City Centre. Neighbouring occupiers included Connells Estate Agent, Fox and Sons Estate Agent, Leaders Estate Agent, Halifax, Nationwide Building Society and Sainsbury's.
Tenure
Freehold.
Location
Miles
2 miles east of Southampton City Centre
10 miles south of Winchester
Roads
A3024, A3025, M27
Rail
Bitterne Train Station
Air
Southampton Airport
Situation
The property is located on the north side of the pedestrianised Bitterne Road in the heart of Bitterne Village which sits 2 miles east of Southampton City Centre. Neighbouring occupiers included Connells Estate Agent, Fox and Sons Estate Agent, Leaders Estate Agent, Halifax, Nationwide Building Society and Sainsbury's.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation and self contained office accommodation on the first floor. The self contained offices may be suitable for residential conversion, subject to consents.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
Band D. See legal pack
Description
The property comprises ground floor retail accommodation and self contained office accommodation on the first floor. The self contained offices may be suitable for residential conversion, subject to consents.
10 years from 25th December 2016 on a full repairing and insuring lease.(3)
£31,000
24/12/2021 (24/12/2026)
Total
160.16 sq m
(1,723 sq ft)
£31,000
(1) For the year ending 31/12/2019 Countrywide Estate Agents (CRN 00789476) reported a turnover of £325,167,000, pre tax profits of £340,000 and a net worth of negative £137,820,000 (Source NorthRow 16/08/2021) Countrywide Estate Agents operate under a number of different trading names including Bairstow Eves, Dixons, Hamptons and operates over 600 offices nationwide. (www.countrywide.co.uk) (2) The self contained offices have been sub let to Breckenridge & Viana Limited (CRN 01683392) at a current reserved of £6,250 per annum exclusive. (3) The lease provides for a tenant option to determine the lease on 24th December 2021 on serving 6 month written notice. The Seller has received no notice from the tenant and therefore the tenant has not exercised their option to determine the lease.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
