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
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.
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
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.
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.
