6 Water Lane Totton, Near Southampton Hampshire SO40 3DP

6 Water Lane
Totton, Near Southampton
Hampshire
SO40 3DP

Freehold Charity Shop and Ground Rent Residential Investment

Let to the Carers Together Charity
Situated in a Busy Retail Neighbourhood Parade
Attractive Town on the Edge of The New Forest
4 mile west of City of Southampton
Neighbouring occupiers include a Post Office, Motor World ,Subway, Estate Agents and a Coral Betting Shop

Lot
6
Auction
12th July 2022
Rent
£15,025 per Annum Exclusive
Status
Sold
Price
£158,000
Auction Venue
Live Streamed Auction

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Freehold Charity Shop and Ground Rent Residential Investment

Let to the Carers Together Charity
Situated in a Busy Retail Neighbourhood Parade
Attractive Town on the Edge of The New Forest
4 mile west of City of Southampton
Neighbouring occupiers include a Post Office, Motor World ,Subway, Estate Agents and a Coral Betting Shop

Lot 6
Auction 12th July 2022
Rent £15,025 per Annum Exclusive
Status Sold
Price £158,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 5 miles west of Southampton, 26 miles north-east of Bournemouth
Roads: A36, A35, A33, M27
Rail: Totton Railway Station
Air: Southampton Airport

Situation

Totton is an attractive City of Southampton commuter town situated some 4 miles west of the centre of Southampton. The property is situated within a busy parade on the north side of Water Lane close to its junction with Salisbury Road. Nearby occupiers include a Post Office, Motor World, Subway, Estate Agents and a Coral Betting Shop and an eclectic mix of local retailers on the same parade such as a Restaurant, a Barbers, a Florist and a DIY Store.

Tenure

Freehold.

Location

Miles: 5 miles west of Southampton, 26 miles north-east of Bournemouth
Roads: A36, A35, A33, M27
Rail: Totton Railway Station
Air: Southampton Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail unit and a maisonette on the first and second floors. The maisonette is accessed from the rear.

VAT

VAT is not applicable to this lot.

Completion Period

6 week completion

EPC

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

Description

The property comprises ground floor retail unit and a maisonette on the first and second floors. The maisonette is accessed from the rear.

VAT

VAT is not applicable to this lot.

Completion Period

6 week completion

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reversion
Ground	Charity Shop	85.4	(919)	CARERS TOGETHER (1)	A term of years expiring 13/03/2020	£15,000	Holding Over
First Second	Maisonette	-	-	INDIVIDUAL	999 years from 01/11/1987 until 2986	£25	31/10/2986
Total		85.4	(919) (2)			£15,025

(1) Carers Together are a charity registered under charity number 1051879. The charity currently operates 4 charity shops. (carerstogether.org.uk)
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)

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.