Pub for sale
Freehold Retail Investment for sale Let to Spirit Group Ltd at 36/37 High Street, Southampton, Hampshire
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- Business for sale
- 4,590 sq ft (426 sq m)
- Prominent Freehold Public House / A4 Investment
- Let to the Spirit Group Ltd until 2021 in established City Centre Location
Tenure: FreeholdADDRESS: 36/37 High Street, Southampton, Hampshire
• Prominent Freehold Public House / A4 Investment
• Let to the Spirit Group Ltd until 2021 in established City Centre Location
Estimated Residential Population : 234,000
Miles: 12 miles south west of Winchester
19 miles north west of Portsmouth
22 miles south east of Salisbury Roads : A33,M3,M27,M271
Rail : London Waterloo
Air : Southampton International
The property is located next to the Dolphin Hotel on a prominent corner location on the east side of the High Street, close to the junction with Bernard Street and approximately 500 meters from the West Quay Shopping Centre. Nearby occupiers includes Walkabout Inn, J D Wetherspoon, Brannigans, Lloyds TSB, Co- Op, HSBC, Nat West and Barclays Banks, Bank of Scotland, Endsleigh Insurance and the Post Office.
Public house is arranged on the ground, basement, first and second floors. The property benefits from a separate rear access.
Ground Floor: 2,560 Sq. Ft., Basement: 1,380 Sq. Ft., First Floor: 650 Sq. Ft., Second Floor: Residential – understood to comprise 3 bedrooms, Total Commercial Area: 4,590 Sq. Ft.
Let to Spirit Group Limited for 25 years from 12 July 1996 FRI and 5 year rent reviews at a current rent of £60,001 p.a.
RENT: £60,001 per annum.
VAT IS: Applicable
PRICE: Offers in excess of £950,000 – 6% Net