Acquired
Southampton – NHS Foundation Trust
434 Bitterne Road, Southampton, Hampshire SO18 1BSFreehold Healthcare Investment
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
7y 6m
Area
2,227 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises Mental Health Clinic Hub arranged over Ground and First Floor. (Class E)
- Entire property Let to NHS Foundation Trust
- Nearby occupiers include Lloyds Bank, Pure Gym, Iceland and Superdrug, amongst others.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises mental health clinic hub arranged over ground and first floor, providing the following accommodation and dimensions:
Ground Floor: Clinic 105 sq m (1,130 sq ft)
First Floor: Ancillary 102 sq m (1,097 sq ft)
Total area size: 207 sq m (2,227 sq ft)
Ground Floor: Clinic 105 sq m (1,130 sq ft)
First Floor: Ancillary 102 sq m (1,097 sq ft)
Total area size: 207 sq m (2,227 sq ft)
Tenancy Description
The entire property is at present let to Southern Health NHS Foundation Trust for a term of 10 Years from 4th July 2022 at a current rent of £35,000 p.a. and the lease contains full repairing and insuring covenants. Rent review linked to RPI in the 5th Year. Tenant option to determine in the 5th Year with minimum 6 months notice. Lease within Landlord & Tenant Act 1954.
Tenancies & Accommodation
Location Description
Southampton is the main commercial and administrative centre of Hampshire and is located 70 miles south-west of Central London. Bitterne is a suburb located to the east of the City Centre. The city benefits from excellent road communications via the M27 and M3 Motorways. Bitterne Rail Station provides regular services to London via Southampton. The property is situated on the south side of Bitterne Road fronting the pedestrianised section, in the heart of the retail area. Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst many more.
