46 High Street Andover Hampshire SP10 1NF

  • 46 High Street<br>Andover<br>Hampshire<br>SP10 1NF

46 High Street
Andover
Hampshire
SP10 1NF

Prime Freehold Retail Investment

  • Entirely let to Signet Group Ltd (t/a H Samuel)
  • Prominent position on pedestrianised High Street
  • Nearby occupiers include Costa Coffee, Topshop, Marks and Spencer and Orange
  • Opposite Chantry Shopping Centre
  • Six Week Completion Period Available
  • Lot
    29
  • Auction
    14th February 2013
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of Trustees
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Prime Freehold Retail Investment

  • Entirely let to Signet Group Ltd (t/a H Samuel)
  • Prominent position on pedestrianised High Street
  • Nearby occupiers include Costa Coffee, Topshop, Marks and Spencer and Orange
  • Opposite Chantry Shopping Centre
  • Six Week Completion Period Available
  • Lot 29
  • Auction 14th February 2013
  • Rent £25,000 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of Trustees

Property Information

Location
Miles
15 miles north of Winchester, 19 miles north-east of Salisbury, 67 miles south-west of Central London
Roads
A3057, A303
Rail
Andover Rail Station (67 minutes to London Waterloo)
Air
Southampton Airport
Situation

The property is situated in a prime location on the eastern side of the pedestrianised High Street, within Andover town centre. Chantry Shopping Centre is located directly opposite and houses retailers such as McDonalds, Boots, Tesco and NatWest. Other nearby occupiers include Costa Coffee, Topshop and Marks and Spencer.

Tenure

Freehold.

Location
Miles
15 miles north of Winchester, 19 miles north-east of Salisbury, 67 miles south-west of Central London
Roads
A3057, A303
Rail
Andover Rail Station (67 minutes to London Waterloo)
Air
Southampton Airport
Situation

The property is situated in a prime location on the eastern side of the pedestrianised High Street, within Andover town centre. Chantry Shopping Centre is located directly opposite and houses retailers such as McDonalds, Boots, Tesco and NatWest. Other nearby occupiers include Costa Coffee, Topshop and Marks and Spencer.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first floor ancillary and a second floor managers flat. The property benefits from rear access and up to six car parking spaces.

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 ground floor retail unit with first floor ancillary and a second floor managers flat. The property benefits from rear access and up to six car parking spaces.

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

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground
Ground
Basement
First
Second
Sales
Ancillary
Unused
Ancillary
Residential –
2 Bedroom Flat
79.71 sq m
13.38 sq m
12.36 sq m
42.92 sq m
Not Measured


(858 sq ft)
(144 sq ft)
(133 sq ft)
(462 sq ft)
SIGNET GROUP
LTD (1)
25 years from 25/12/1988
on a full repairing and
insuring lease
£25,000
24/12/2013
   
Totals  
148.37 sq m
(1,597 sq ft)
    £25,000

(1) For the year ending 28th January 2012, Signet Group Limited reported pre-tax profits of £298,631,000 and a total net worth of £1,498,898,000 (Source: www.riskdisk.com 08/01/2013). Signet is the largest specialty retail jeweller by sales in the US and UK. Signets US division operates 1,318 stores in all 50 states and the UK division operates 535 stores (as at 28/01/2012). Based on publicly filed accounts, Signets UK division was the largest specialty retailer of fine jewellery in the UK with sales in calendar 2010 almost twice those of the next biggest such retailer (Source: www.signetjewelers.com 08/01/2013).

Contacts

Associate AuctioneersChris Richards 01737 222 835chris@raynerscommercial.com
Seller's Solicitors
Elgee Pinks Solicitors Priory House 45/51 High Street
Reigate
Surrey
RH2 9AE
John Elgee 01737 247 554johnelgee@elgeepinks.com

Useful Links

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

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