189 Portswood Road, Southampton, Hampshire, SO17 2WX

Lot Image

Auction sale - Monday 19th February 2018

Result:

Withdrawn Prior to Auction

Upon the instructions of

A major UK Bank
  • Freehold former bank and first floor of about 3,286 sq ft (305.28 sq m).
  • Possible development opportunity, subject to obtaining all necessary consents
  • Suit investor, occupier and developer
  • Vacant possession (2nd floor sold off at £100 pa)

Details

Location

Summary: Portswood is north east of Southampton, adjacent to the University of Southampton. The property is located on north side of the busy thoroughfare of Portswood Road
Miles: Southampton 1.3 miles
Roads: A3035, A335,
Rail: St Denys
Nearby Occupiers: Costa, Farmfoods, KFC, Iceland

Description

The property comprises an end of terrace three storey property (second floor sold off on a long lease - refer to legal pack) with a vacant ground floor former banking hall and first floor ancillary offices totalling about 3,286 sq ft (305.28 sq m). The property would suit a potential change of use as well as possible residential development in part, subject to obtaining any necessary consents

Tenure

Freehold

Planning

Southampton City Council (023 8083 2603) www.southampton.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq Ft Lease Terms Rent £ pa
TOTAL 305.28 3,286 £100
189 Portswood Road Vacant Ground First Former banking hall Ancillary offices 185.34 119.94 1,995 1,291 Vacant
Top floor flat Individual Second Residential Let for 125 years expiring 08/11/2136 £100
The measurements have been provided by the vendor.

Joint auctioneers

GVA

Contact

Seller's solicitor

DLA Piper

Alice Rusling

0113 369 2844

alice.rusling@dlapiper.com

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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