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)
Contacts
Seller's Solicitors
Katten Muchin Roseman UK LLP 125, Old Broad Street London EC2N 1AR
