Unit 1 Red Lion Court, 445, Bitterne Road, SOUTHAMPTON, Hampshire, SO18 5EE
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Read more Read moreTHE SELLER RESERVES THE RIGHT TO SELL LOTS 76 TO 79 AS ONE LOT, A Selection of Four Retail Investments, Part of Modern Development, Prominent and Busy Retail Location. Location: The property forms part of the main retail area of Bitterne a busy part of Southampton with multiple retailers in the locality including Iceland, Pizza Hut, Coral, and many others. This is the main retail centre for Bitterne which provides services to a densely populated immediate catchment and outlying areas. Description: Each of the lots provides a ground floor retail unit within this modern building. Each unit has a good frontage within this busy shopping location with strong passing pedestrian trade. Tenure: Each unit will be sold on a new lease for a term of 999 years at a ground rent of £250 per annum (see note). Note: The Seller is the freeholder of the building. Following these sale, they shall serve requisite notices under the Landlord and Tenant Act enabling them to then sell the freehold ground rent investment at the earliest available opportunity. Accommodation/ Tenancy: Lot 76 Address Unit 1 Red Lion Court, 445 Bitterne Road Accommodation Retail Zone A 28.3 sq. m (304 sq. ft) Retail Zone B 32.5 sq. m (349 sq. ft) Retail Zone C 2.5 sq. m (26 sq. ft) TOTAL 63.3 sq. m (681 sq. ft) Tenancy Let to Venus Nails NL Limited for 10 years from 29/09/2015. Rent £ pa £11.250 Reviews/ Notes Valuable reversion/ review due September 2025. No break option.
