Duane Walker Director [email protected] Patrick Mattison Associate Director [email protected] Hannah Bennett Agency Surveyor [email protected] Primmer Olds, 61 Cromwell Road, Southampton, Hampshire SO15 2JE INVESTMENT FOR SALE 10 AND 12 LANDGUARD ROAD, SOUTHAMPTON, SO15 5DJ Two Substantial Freehold Properties Available Individually or as a Whole Central Location Development Potential (STP) Let to Two Tenants Combined Current Income of £53,000 per annum Site Area Approx. 0.50 Acres
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Duane Walker Director [email protected]
Patrick Mattison Associate Director [email protected]
Hannah Bennett Agency Surveyor [email protected]
Primmer Olds, 61 Cromwell Road, Southampton, Hampshire SO15 2JE
INVESTMENT FOR SALE
10 AND 12 LANDGUARD ROAD, SOUTHAMPTON, SO15 5DJ
Two Substantial Freehold Properties
Available Individually or as a Whole
Central Location
Development Potential (STP)
Let to Two Tenants
Combined Current Income of £53,000 per annum
Site Area Approx. 0.50 Acres
1ST LINE OF ADDRESS, TOWN/CITY, COUNTY, POSTCODE
1ST LINE OF ADDRESS, TOWN/CITY, COUNTY, POSTCODE
10 AND 12 LANDGUARD ROAD, SOUTHAMPTON
Property Misdescriptions Act 1991 – Services & Planning. We have not tested any of the service installations including heating and lighting. Prospective purchasers or tenants should satisfy themselves independently that appropriate connections exist and as to the state and condition of such items. Any plans included in these particulars are provided only to indicate the general location of the property. Prospective purchases or tenants should verify any stated planning use in these particulars with Local Planning Authority and should satisfy themselves that their proposed use is compatible with planning requirements. Misrepresentation Act 1967 – Whilst all the information in these particulars is believed to be correct neither the agents nor their clients guarantee its accuracy nor is it intended to form part of any contract. All areas quoted are approximate. No representative of Primmer Olds has any authority to make or give any representation or warranty whatsoever in relation to this property. Finance Act 1989 – Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T.). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of V.A.T. in respect of any transaction. NOTE:- The map is reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100005473 Primmer Olds LLP NOTE:- Published for the purposes of identification only and although believed to be correct, accuracy is not guaranteed.
DESCRIPTION The properties are located on the northern side of Landguard Road between Shirley Road (A3057) and Hill Lane, less than one mile from Southampton Central Railway Station. The area is mainly residential with a mix of private dwellings, guest houses and flats. Number 10 comprises a detached former residence currently arranged as B+B accommodation. Number 12 comprises a semi detached former residence extended at single storey level and used as a Vetinary Clinic with associated staff flat at upper floor levels.
ACCOMMODATION No. 10 Sq Ft Sq M
Ground Floor 1344 124.90
First Floor 942 87.50
Second Floor 614 57.00
Gross Internal Area 2,900 269.40
Plus store and car park/garage
Gross Internal Areas taken from plans provided.
No. 12 Sq Ft Sq M
Commercial Element 2,223 206.53
Ground Floor
Single Room First Floor
The first and second floor are arranged as staff accommodation.
Areas provided not measured by Primmer Olds. Source - voa.gov.uk.
Outside Overall Site Depth Approx. 54.6m Overall Site Width Approx. 37.4m Total Site Area Approx. 0.50 Acres
EPC No.10 D55 No.12 awaited.
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TENANCIES No.10 – Subject to a lease dated 4th Feb 2013 for a term of six years, expiring 3rd Feb 2019. Reserving a current rent of £24,000 per annum paid monthly.
The lease provides for a tenants option to break subject to six months notice, plus a landlords option to terminate on twelve months notice.
No. 12 – Subject to lease dated 29th Jan 2015 for a term of five years, starting 1st July 2015 and expiring 30th Jan 2020.
Reserving a current rent of £29,000 per annum payable quarterly, which is subject to review in July 2018.
The property is let by way of a Full Repairing and Insuring lease limited by a Schedule of Condition.
There is a tenants option to break in July 2018 subject to six months notice.
Note: We are advised VAT is not payable
RATES Rateable Value: No. 10 £5,200 No. 12 £19,750 Source – voa.gov.uk The 2015/2016 standard multiplier is 0.493 (49.3p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation.
PLANNING No. 10 – Currently has approval for Self-Catering Guest Accommodation, approval ref. 12/01709/FUL.
Previous consent granted ref. 12/00703/FUL in July 2012 for change of use from Dentist to single dwelling.
No. 12 – Previous consent for alternations, ref. 1467/10/12 and 1294/15/12. Planning was approved for an extension, ref. 1414/57 but rejected for erection of additional dog kennels ref. 1444/159.
TENURE The properties are held under two separate freehold titles.
TERMS Offers sought for our clients’ freehold interests, either together or individually, subject to and with the benefit of the existing tenancies.
Duane Walker Director [email protected]
Patrick Mattison Associate Director [email protected]
Hannah Bennett Agency Surveyor [email protected]
Primmer Olds, 61 Cromwell Road, Southampton, Hampshire SO15 2JE
INVESTMENT FOR SALE
First Floor
LOCATION
FLOOR PLANS – NO. 10 Ground Floor
Second Floor
For identification purposes only. Not to scale and not to be relied upon.
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