Shop let to Sailors' Society (a Registered Charity)
Shop lease expires November 2026 (no breaks)
Residential flat above let on an AST
Planning permission for change of use of ground floor rear storage area to Residential
Lot 29
Auction 3rd November 2022
Rent £33,920 per Annum Exclusive
Status Sold
Price £250,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles north of Southampton, 21 miles north-west of Portsmouth
Roads
M3, M27
Rail
Eastleigh Railway Station
Air
Southampton Airport
Situation
The property is situated in Eastleigh Town Centre, which runs parallel to the High Street, and is a short walk to The Swan Shopping Centre. Nearby occupiers include H&M, Ernest Jones, KFC, McDonalds, Tesco Express, Sainsbury's, Caffè Nero, Costa Coffee and a JD Wetherspoon.
Tenure
Freehold.
Location
Miles
6 miles north of Southampton, 21 miles north-west of Portsmouth
Roads
M3, M27
Rail
Eastleigh Railway Station
Air
Southampton Airport
Situation
The property is situated in Eastleigh Town Centre, which runs parallel to the High Street, and is a short walk to The Swan Shopping Centre. Nearby occupiers include H&M, Ernest Jones, KFC, McDonalds, Tesco Express, Sainsbury's, Caffè Nero, Costa Coffee and a JD Wetherspoon.
Tenure
Freehold.
Description
The property comprises a ground floor shop with a separately accessed one bedroom residential flat on the first floor, accessed from Mitchell Road.
VAT
VAT is applicable to this lot.
Planning
Planning has been granted for the change of use of ground floor rear storage area from Retail (A1) to Residential (C3). All enquiries should be made with Eastleigh Borough Council. (www.eastleigh.gov.uk) (Phone: 023 8068 8000) (Application: PN/20/87663)
Completion Period
Six Week Completion
EPC
Band D
Description
The property comprises a ground floor shop with a separately accessed one bedroom residential flat on the first floor, accessed from Mitchell Road.
VAT
VAT is applicable to this lot.
Planning
Planning has been granted for the change of use of ground floor rear storage area from Retail (A1) to Residential (C3). All enquiries should be made with Eastleigh Borough Council. (www.eastleigh.gov.uk) (Phone: 023 8068 8000) (Application: PN/20/87663)
Completion Period
Six Week Completion
EPC
Band D
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground
Retail
103.10
(1,110)
SAILORS' SOCIETY (2)
10 years from 1st December 2016
£26,000
First
Residential Flat - 1 bed flat
-
(-)
TWO INDIVIDUALS
AST at £660 pcm
£7,920
Total Commercial Area
103.10
(1,110)
£33,920
(1) Areas provided by VOA (www.gov.uk/business-rates) (2) Founded almost 200 yearsr ago, Sailors Society is a Charity supporting and caring for Seafarers. (www.sailorssociety.org). The tenant is not currently in occupation.
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.
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