Trading as Cosham Pets on a new 5 year lease (Subject to Option)
Tenants in Occupation since at least 1990
Approximately 168.30 sq m (1812 sq ft)
Town Centre Location
Nearby occupiers include Tesco, Lloyds, Superdrug, Costa, Burger King, Greggs, Ladbrokes, Hays Travel and a number of public car parks
Lot 37
Auction 27th March 2025
Rent £21,000 per Annum Exclusive
Status Available
Guide* £180,000 - £200,000
Sector Retail, High Street Retail
Auction Venue Live Streamed Auction
On Behalf of SIPP Trustees
Property Information
Location
Miles
3 miles north of Portsmouth, 15 miles east of Southampton, 73 miles south of London
Roads
M27, A27, A3, A3(M)
Rail
Cosham Railway Station
Air
Southampton Airport
Situation
The property is prominently situated on the west side of the High Street, close to its junction with Spur Road. Neighbouring occupiers include Tesco, Lloyds, Superdrug, Costa, Burger King, Greggs, Ladbrokes, Hays Travel and a number of public car parks.
Tenure
Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn rent.
Location
Miles
3 miles north of Portsmouth, 15 miles east of Southampton, 73 miles south of London
Roads
M27, A27, A3, A3(M)
Rail
Cosham Railway Station
Air
Southampton Airport
Situation
The property is prominently situated on the west side of the High Street, close to its junction with Spur Road. Neighbouring occupiers include Tesco, Lloyds, Superdrug, Costa, Burger King, Greggs, Ladbrokes, Hays Travel and a number of public car parks.
Tenure
Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn rent.
Description
The property comprises a ground floor retail unit that benefits from rear access and loading.
VAT
VAT is applicable to this lot.
EPC
Band B
Description
The property comprises a ground floor retail unit that benefits from rear access and loading.
VAT
VAT is applicable to this lot.
EPC
Band B
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Reversion
Ground
Retail
168.30 (1)
(1812) (1)
INDIVIDUAL T/A COSHAM PETS (CRN: 02853763??) (2)
5 years from 03/12/2024 (3)
£21,000
02/12/2029
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/66025175) (2) The Tenant has occupied the property since at least 1990. (3) The lease provides for a Tenant option to determine the ease on 2nd December 2027 on serving 6 months written notice.
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.
