The Station 36-40 High Street Eastleigh Hampshire SO50 5LE
The Station 36-40 High Street Eastleigh Hampshire SO50 5LE
Freehold Long Let Public House Investment with Annual CPI Increases
Strategic and Prominent Town Centre Location on High Street
Let to Barley Pub Company Limited expiring November 2044 (no breaks) with a guarantee from Stonegate Pub Company Limited, Hops Pub Company Limited and Town and City Pub Group Limited
Annual CPI Rental increases subject to a minimum of 1% and maximum of 4%
Comprising 7,639 sq. ft. (709.68 sq. m.) over Ground and First Floors
Nearby Occupiers include McDonald's, Pizza Hut, Caffe Nero, Iceland Supermarket, JD Sports and a JD Wetherspoon
Freehold Long Let Public House Investment with Annual CPI Increases
Strategic and Prominent Town Centre Location on High Street
Let to Barley Pub Company Limited expiring November 2044 (no breaks) with a guarantee from Stonegate Pub Company Limited, Hops Pub Company Limited and Town and City Pub Group Limited
Annual CPI Rental increases subject to a minimum of 1% and maximum of 4%
Comprising 7,639 sq. ft. (709.68 sq. m.) over Ground and First Floors
Nearby Occupiers include McDonald's, Pizza Hut, Caffe Nero, Iceland Supermarket, JD Sports and a JD Wetherspoon
Lot 40
Auction 21st September 2023
Rent £59,236 per Annum Exclusive
Status Sold Prior
Price
Sector Public House
Auction Venue Live Streamed Auction
On Behalf of a Major Fund
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 on the east side of the High Street, being a short walk from the popular Swan Shopping Centre and Eastleigh Railway Station. Nearby Occupiers include McDonald's, Pizza Hut, Caffe Nero, Iceland Supermarket, JD Sports 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 on the east side of the High Street, being a short walk from the popular Swan Shopping Centre and Eastleigh Railway Station. Nearby Occupiers include McDonald's, Pizza Hut, Caffe Nero, Iceland Supermarket, JD Sports and a JD Wetherspoon.
Tenure
Freehold.
Description
Public House arranged over ground and first floors. The property benefits from loading to the rear via Wells Road.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Description
Public House arranged over ground and first floors. The property benefits from loading to the rear via Wells Road.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground First
Public House Public House/Ancillary
359.72 349.96
(3,872) (3,767)
BARLEY PUB COMPANY LIMITED (CRN 06457362) with guarantee from STONEGATE PUB COMPANY LIMITED (CRN FC029833) (1), HOPS PUB COMPANY LIMITED (CRN 06457363) and TOWN AND CITY PUB GROUP LIMITED (CRN 06433242)
999 years from 01/11/2001 but the Tenant has served a break notice to break the lease on 13/11/2044
£59,236.25
13/11/2023 and annually thereafter (2)
Total
709.68
(7,639)
£59,236.25
(1) Following the acquisition of EI Group, Stonegate Pub Company is now the largest pub company in Britain with over 4,500 sites. The company operates traditional pubs in both high street and suburban locations, as well as leading branded bars including Slug & Lettuce, Yates, Walkabout and Be At One (www.stonegategroup.co.uk) (2) The rent reviews are linked to annual CPI uplifts subject to a minimum of 1% and a maximum of 4%.
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.
