Tesco Express, Ranger Court Admirals Quay, Ocean Village Southampton Hampshire SO14 3AG

Tesco Express, Ranger Court
Admirals Quay, Ocean Village
Southampton
Hampshire
SO14 3AG

Modern Retail Investment

Let to Tesco Stores Limited until 2023
Prominent corner position at entrance to Ocean Village next to Admirals Quay and the marina
Nearby occupiers include UGC Cinemas, Deep Pan Pizza and Chiquitos
Six Week Completion Available

Lot
14
Auction
21st March 2013
Rent
Gross: £59,482 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Modern Retail Investment

Let to Tesco Stores Limited until 2023
Prominent corner position at entrance to Ocean Village next to Admirals Quay and the marina
Nearby occupiers include UGC Cinemas, Deep Pan Pizza and Chiquitos
Six Week Completion Available

Lot 14
Auction 21st March 2013
Rent Gross: £59,482 per Annum Exclusive
Status Sold Post
Price
Sector
Supermarket/Convenience
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 19 miles north-west of Portsmouth, 75 miles south-west of London
Roads: A33, M3, M27
Rail: Southampton Central Station, Woolston Rail
Air: Southampton International Airport

Situation

The property is situated in a prominent corner location at the entrance to Ocean Village, next to Admirals Quay and the marina. Nearby occupiers include UGC Cinemas, Deep Pan Pizza and Chiquitos.

Tenure

Leasehold. Held under two leases from Mikelia Limited, both expiring 31st March 2127 at a peppercorn rent without review.

Location

Miles: 19 miles north-west of Portsmouth, 75 miles south-west of London
Roads: A33, M3, M27
Rail: Southampton Central Station, Woolston Rail
Air: Southampton International Airport

Situation

The property is situated in a prominent corner location at the entrance to Ocean Village, next to Admirals Quay and the marina. Nearby occupiers include UGC Cinemas, Deep Pan Pizza and Chiquitos.

Tenure

Leasehold. Held under two leases from Mikelia Limited, both expiring 31st March 2127 at a peppercorn rent without review.

Description

The property comprises a ground floor retail unit with first floor office/ancillary accommodation.

VAT

VAT is 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 office/ancillary accommodation.

VAT

VAT is 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	Reviews
Ground Tenant’s Mezzanine	Retail/Ancillary Staff/Office	232.50 sq m 20.5 sq m	(2,503 sq ft) (221 sq ft)	TESCO STORES LIMITED (1)	20 years from 16/07/2003 until 15/07/2023 on a full repairing and insuring lease	£44,712	16/07/2013 and 16/07/2018
Ground First	Office/Ancillary Office/Ancillary	28.20 sq m 122.40 sq m	(304 sq ft) (1,317 sq ft)	TESCO STORES LIMITED (1)	18 years 5 months from 18/02/2005 until 15/07/2023 on a full repairing and insuring lease	£14,770	16/07/2013 and 16/07/2018
Totals		403.60 sq m	(4,345 sq ft)			£59,482

(1) For the year ending 25th February 2012, Tesco Stores Limited reported a turnover of £41,981,000,000, pre-tax profits of £2,126,000,000 and a total net worth of £6,894,000,000. (Source: www.riskdisk.com 25/02/2013)