Vincents Grove Substation Southampton Hampshire SO15 5HW

  • Vincents Grove Substation<br>Southampton<br>Hampshire<br>SO15 5HW

Vincents Grove Substation
Southampton
Hampshire
SO15 5HW

Freehold Substation Investment

  • Located in the International Maritime City of Southampton
  • Electricity Substation Investment
  • Southampton is just 75 miles from London and 21 miles from the Channel ports
  • Important rent review to be settled
  • Lot
    48
  • Auction
    10th July 2012
  • Rent
    £597 per Annum Exclusive
  • Status
    Sold
  • Price
    £130,000
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Southampton City Council
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Freehold Substation Investment

  • Located in the International Maritime City of Southampton
  • Electricity Substation Investment
  • Southampton is just 75 miles from London and 21 miles from the Channel ports
  • Important rent review to be settled
  • Lot 48
  • Auction 10th July 2012
  • Rent £597 per Annum Exclusive
  • Status Sold
  • Price £130,000
  • Sector
    Ground Rent
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Southampton City Council

Property Information

Location
Miles
75 miles south-west of London
Roads
M3, M27, A34, A36, A27
Rail
Southampton Central Station
Air
Southampton International Airport
Situation

Vincent’s Grove lies 1.75 miles to the northwest of Southampton City Centre just behind Shirley High Street.

Tenure

Freehold.

Location
Miles
75 miles south-west of London
Roads
M3, M27, A34, A36, A27
Rail
Southampton Central Station
Air
Southampton International Airport
Situation

Vincent’s Grove lies 1.75 miles to the northwest of Southampton City Centre just behind Shirley High Street.

Tenure

Freehold.

Description

The property comprises a plot of land upon which has been an electricity substation has been erected.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a plot of land upon which has been an electricity substation has been erected.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Lot Location Use Site Areas (Approx) Tenant Term Rent p.a.x Reviews

48

 Vincent’s
Grove		 Electricity
Substation
651 sq m
(7,007 sq ft)
 SOUTHERNELECTRIC
 99 years from 01/07/1964
until 30/06/2063 		£597 30/06/1997 (1) and 30/06/2030

(1) Tthe 1997 rent review is outstanding. Notice has been served proposing a new rent of £8,000 p.a.x.

Contacts

Associate Auctioneers
Capita Symonds One Guildhall Square,
Southampton
Hampshire
SO14 7FP
Fiona James 02380 833 081fiona.james@capita.co.uk
Seller's Solicitors
Southampton City Council Civic Centre
Southampton
SO14 7LT
Daniel Crossland 02380 917 650daniel.crossland@southampton.gov.uk  Wendy Cowan 02380 832 420wendy.cowan@southampton.gov.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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