Download full catalogue - Barnett Ross

LOT
20
11 Victoria Road, Woolston,
Southampton, Hampshire
SO19 9DY
6 WEEK COMPLETION
Reserve Below
£200,000
SITUATION
Occupying a prominent trading position close to the junction
with Portsmouth Road, adjacent to Boots and close to
branches of Superdrug, Ladbrokes, Lloyds TSB, Subway,
Motor World and Quicksilver and only 100 yards from the
huge Centenary Quay residential development currently
under construction.
Woolston is a popular suburb of Southampton which lies
some 2 miles east of the city centre, enjoying fast access to
the M27 (J8) which connects with the M3.
PROPERTY
A terraced property comprising a Ground Floor Double
Shop with rear external access to Basement Storage plus
internal access to Ancillary Accommodation at first floor
level.There is a rear access road leading to a Gated Yard
with parking for up to 3 cars plus a dilapidated Store
Building.
VAT is NOT payable in respect of this Lot
FREEHOLD
ACCOMMODATION
Ground Floor Double Shop
Gross Frontage
30'4"
Internal Width
26'7"
Shop Depth
48'3"
Sales Area Approx 1,200 sq ft
Basement
Storage Area Approx 1,070 sq ft
First Floor
Storage Area Approx 730 sq ft
2 WC’s
Total Area
Approx 3,000 sq ft
TENANCY
The entire property is let on a full repairing and insuring lease
to Martin McColl Ltd (having approx. 1,300 branches)
(T/O for Y/E 27/11/11 £380.5m, Pre-Tax Profit £18.1m
and Net Worth £100.7m) for a term of 10 years from
29th September 2012 (see Note) at a current rent of
£15,000 per annum exclusive.
Rent Review & Tenant’s Break 2017
Note: The lessees have been in occupation for over 20 years.
34
£15,000 per annum
VENDOR’S SOLICITORS
Goodman Derrick LLP - Tel: 020 7404 0606
Ref: A Barker Esq - Email: abarker@gdlaw.co.uk
The Surveyors dealing with this property are
JONATHAN ROSS and MATTHEW BERGER FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE
The successful Buyer will be liable to pay the Auctioneers an administration
fee of £275 (including VAT) upon exchange of contracts