Commercial Unit Block E & Commercial Unit Block G Chapel Riverside, Old Mill Lane Southampton Hampshire SO14 5BW

Commercial Unit Block E & Commercial Unit Block G
Chapel Riverside, Old Mill Lane
Southampton
Hampshire
SO14 5BW

Two Ground Floor Commercial Units Invesment

Two Ground Floor Commercial Units
Both Units Let on one Lease until 2027 (subject to option)
Forming part of a major Residential Development
Attractive new Residential Development Overlooking River Itchen
Within 200 yards of St. Mary's Stadium (Southampton FC)
Occupational lease is outside the security of tenure provision of the Landlord and Tenant Act 1954

Lot
45
Auction
30th March 2023
Rent
£8,400 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction
On Behalf of a Major Developer

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Two Ground Floor Commercial Units Invesment

Two Ground Floor Commercial Units
Both Units Let on one Lease until 2027 (subject to option)
Forming part of a major Residential Development
Attractive new Residential Development Overlooking River Itchen
Within 200 yards of St. Mary's Stadium (Southampton FC)
Occupational lease is outside the security of tenure provision of the Landlord and Tenant Act 1954

Lot 45
Auction 30th March 2023
Rent £8,400 per Annum Exclusive
Status Sold Post
Price
Sector
Office
Auction Venue
Live Streamed Auction
On Behalf of a Major Developer

Property Information

Location

Miles: 13 miles south-west of Winchester, 18 miles north-west of Portsmouth, 75 miles south-west of London
Roads: A3025, A33, A3024, M271
Rail: Southampton Central Railway Station
Air: Southampton International Airport

Situation

The property is located in the Chapel area of Southampton, forming part of the Chapel Riverside residential development on the eastern side of the B308, close to its junction with the A3025 and overlooking the River Itchen. The property is situated in Blocks E and G of the development, fronting Thomas Black Avenue.

Tenure

Virtual Freehold. 999 years less three days from 1st June 2018.

Location

Miles: 13 miles south-west of Winchester, 18 miles north-west of Portsmouth, 75 miles south-west of London
Roads: A3025, A33, A3024, M271
Rail: Southampton Central Railway Station
Air: Southampton International Airport

Situation

Tenure

Virtual Freehold. 999 years less three days from 1st June 2018.

Description

The property comprises two ground floor commercial units, both let under one lease, forming part of the recent Chapel Riverside residential development. One unit forms part of Block E and the other Block G. The units are both finished to a shell specification with capped services and suitable for a range of business uses including office, retail, storage, leisure and medical.

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

Unit	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Commercial Unit Block E Commercial Unit Block G	Ground Ground	Office Office	38.60 38.60	(415) (415)	SPARKLE CLEANING NEW- FOREST AND SOUTH COAST LIMITED (CRN: 11405512)	5 years from 26/05/2022 (1) (2)	£8,400
Total Approximate Floor Area			77.20	(830)			£8,400

(1) The lease provides for a mutual option to determine the lease on 26/05/2025 upon serving three month's notice.
(2) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954.

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.