Upper Bugle Street Substation Southampton Hampshire SO14 2BU

Upper Bugle Street Substation
Southampton
Hampshire
SO14 2BU

Freehold Substation Ground Rent Investment

Located throughout the International Maritime City of Southampton
Electricity Substation
Southampton is just 75 miles from London and 21 miles from the Channel ports

Lot
50
Auction
10th July 2012
Rent
£928 per Annum Exclusive
Status
Sold
Price
£20,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Southampton City Council

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Freehold Substation Ground Rent Investment

Located throughout the International Maritime City of Southampton
Electricity Substation
Southampton is just 75 miles from London and 21 miles from the Channel ports

Lot 50
Auction 10th July 2012
Rent £928 per Annum Exclusive
Status Sold
Price £20,000
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

The site is situated 0.8 miles to the north of the city of Southampton.

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

The site is situated 0.8 miles to the north of the city of Southampton.

Tenure

Freehold.

Description

The property comprises an area of land, upon which has been built an electricity substation.

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 an area of land, upon which has been built an electricity substation.

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	Reversion
50	Upper Bugle Street	Electricity Substation	31 sq m	(334 sq ft)	SOUTHERNELECTRIC	20 years from 01/07/1992	£928	01/07/2012

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 Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

Property Insurance

Natasha WardBroking Director+44 7545 208 759natasha.ward@bbrown.combbrown.com