391 Bitterne Road Bitterne Southampton Hampshire SO18 5RR

391 Bitterne Road
Bitterne
Southampton
Hampshire
SO18 5RR

Freehold Retail/Residential Investment

Shop let to Boots Opticians Professional Services Limited
Recently renewed 5-year lease from May 2024 (subject to options)
Boots in occupation since 2010
Separately-accessed maisonette above let on a long lease
Prominent pedestrianised location
Nearby occupiers include Sainsbury's (opposite), Iceland Supermarket, PureGym, Superdrug, Greggs, Domino's and JD Wetherspoon
VAT-free Investment

Lot
36
Auction
7th November 2024
Rent
£18,500 per Annum Exclusive
Status
Sold
Price
£170,000
Auction Venue
Live Streamed Auction

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Freehold Retail/Residential Investment

Shop let to Boots Opticians Professional Services Limited
Recently renewed 5-year lease from May 2024 (subject to options)
Boots in occupation since 2010
Separately-accessed maisonette above let on a long lease
Prominent pedestrianised location
Nearby occupiers include Sainsbury's (opposite), Iceland Supermarket, PureGym, Superdrug, Greggs, Domino's and JD Wetherspoon
VAT-free Investment

Lot 36
Auction 7th November 2024
Rent £18,500 per Annum Exclusive
Status Sold
Price £170,000
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 2 miles east of Southampton City Centre, 10 miles south of Winchester
Roads: A27, A3024, A334, M27 (Junction 7)
Rail: Bitterne Railway Station
Air: Southampton Airport

Situation

The property is prominently located on the north side of the pedestrianised Bitterne Road, in the heart of Bitterne Village, 2 miles east of Southampton City Centre. Nearby occupiers include Sainsbury's (opposite), Iceland Supermarket, PureGym, Superdrug, Greggs, Domino's and JD Wetherspoon.

Tenure

Freehold.

Location

Miles: 2 miles east of Southampton City Centre, 10 miles south of Winchester
Roads: A27, A3024, A334, M27 (Junction 7)
Rail: Bitterne Railway Station
Air: Southampton Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop and a separately-accessed maisonette arranged on the first and second floors, let on a long lease.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Shop - Band C

Description

The property comprises a ground floor shop and a separately-accessed maisonette arranged on the first and second floors, let on a long lease.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Shop - Band C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.
Ground	Retail/Ancillary	68.82	(740)	BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED (2) (t/a Boots Opticians)	5 years from 01/05/2024 (3)	£18,500
First/Second	Maisonette	66.00	(710)	AN INDIVIDUAL	125 years from 29/09/2013	Peppercorn
Total		134.82	(1,450)			£18,500

(1) Areas provided by VOA and EPC register (www.gov.uk/find-business-rates)
(2) For the year ending 31/08/2023, Boots Opticians Professional Services Limited reported a turnover of £382,702,000 and a pre-tax profit of £34,952,000 (www.northrow.com)
(3) The lease is subject to a tenant option to determine on 30/04/2026 and 30/04/2028.

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.