31-41, Summerlands Road,
Fair Oak, Eastleigh, Hampshire, SO50 7AU
Attractive Neighbourhood Retail/
Residential Parade
Serving large local & wider
catchment anchored by a
One Stop Convenience Store
>
>
INVESTMENT
CONSIDERATIONS
Neighbourhood Parade
Unbroken self contained residential
Upper Parts
Total Rent £99,100 pa.
Freehold
Anchored by a One Stop
convenience Store
Oerssoughtinexcessof
£1,170,000 stc.
Net Initial yield 8%
SITUATION
Fair Oak is a large conurbation situated east
of Eastleigh in the county of Hampshire
and equidistant between Southampton and
Winchester. The road access is via the B3354
with the M3 motorway some 13 minutes drive
time, providing fast access to London and
the southwest.
Eastleigh railway station is on the South
Western Railway line which links London
Waterloo to Southampton and Brighton.
LOCATION
The parade which serves the local and wider
area is situated on Summerlands Road,
opposite Campbell Way and close to the
junction with Fair Oak Road in an attractive
neighbourhood easily accessible some 4 miles
from Eastleigh town centre.
>
Address Tenant Use Description
Area
M2
Area
sq ft
31 & 33 (garages 1, 2 & 7)
Shop and Flats
One Stop Stores Limited Shop Retail
Store
115.01
54.81
1238
590
31 A
Residential 2 Beds Reception Kitchen Bathroom & WC
31 B Residential 2 Beds Reception Kitchen Bathroom & WC
33 C Residential 2 Beds Reception Kitchen Bathroom & WC
35 (garage 3) Shop and Flat Pharmaster
(Elizabeth Bennett Guarantor)
Shop Retail
Store
61.22
13.01
659
140
35A Residential 2 Beds Reception Kitchen Bathroom & WC
37 (garage 4) Shop and Flat
Pharmaster
(Elizabeth Bennett Guarantor)
Shop Retail 61.32 660
37A Residential 2 Beds Reception Kitchen Bathroom & WC
39 (garage 5) Shop and Flat Jianqing Luo & Muyun Cao
Sublet half shop to Hairdresser Juliet Ann
Blundell & Lynette Evans
Takeaway/shop Retail 62.43 672
39A Residential 2 Beds Reception Kitchen Bathroom & WC
41 (garage 6) Shop and Flat Revitalise Respite Holidays Shop Retail
Store
60.01
11.15
646
120
41A Residential 2 Beds Reception Kitchen Bathroom & WC
ACCOMMODATION
>
DESCRIPTION
Theparadeisofconcreteandrenderedconstructionunderaat
roof.Theparadeoersgenerousostreetcarparking.
In addition, there is a rear service area and garages on a large site.
Therstoorresidentialcomprisessevenself-containedtwo-
bedroomatswhichareaccessedfromtherearoftheparade.
COVENANT
The main covenant One Stop Stores Limited for the year ending
2022postedaturnoverof£1.126billion,pre-taxprotof£21.84
million and net assets of £185.3 million.
TOTAL INCOME
The parade generates a total income of £99,100pa.
>
Address Tenant Lease Term LeaseExpiry Rent Rent Review FRI
31-41SummerlandsRoad
31, 31A, 31B, 33 &33A
(garages 1, 2 & 7)
Shop and Flats
One Stop
Stores Limited
10 years from
24/3/2018
23/03/2028
£41,000
24/03/2028
✓
35 & 35A (garage 3)
Shop and Flat
Pharmaster
(Elizabeth Bennett Guarantor)
25/4/2017 to
1/12/2026
01/12/2026
£14,750
✓
37 & 37A (garage 4)
Shop and Flat
Pharmaster
(Elizabeth Bennett
Guarantor)
10 years from
2/12/2016
01/12/2016
£14,000
✓
39 & 39A (garage 5)
Shop and Flat
Jianqing Luo & Muyun Cao
20 years
29/9/2005
28/09/2025
£14,850
✓
Sublet shop
Sublet half shop to Juliet Ann
Blundell & Lynette Evans
3 years from
22/2/2022
21/02/2025
(Subtenancy rent
£7280)
✓
41 & 41A (garage 6)
Shop and Flat
Revitalise Respite
Holidays
10 years from
30/8/2019
29/08/2029
£14,500
30/08/2024
✓
TENANCIES
>
SAVOY STEWART
020 7495 3666
www.savoystewart.co.uk
TERMS & CONDITIONS
Savoy Stewart, for themselves and for the vendors or lessors of this property for whom they act, give notice that:
I. These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any
partofanoerorcontract.
II. Savoy Stewart cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and
occupation, and other details contained herein, and prospective purchasers or tenants must not rely on them as statement of fact or
representations, and must satisfy themselves as to their accuracy.
III. No employee of Messrs Savoy Stewart has any authority to make or give any representation or warranty or enter into any contract whatever
in relation to the property.
IV. Rents, prices, premiums and service charge quoted in these particulars may be subject to VAT in addition and
V. Savoy Stewart will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.
Michael Braier
E: mb@savoystewart.co.uk
T: 020 7478 9112
M: 07940 528399
Stephen Rajbenbach
E: sr@savoystewart.co.uk
T: 020 7478 9110
M: 07957 355397
| LONDON OFFICE | T: 020 7495 3666 E: info@savoystewart.co.uk 21, Woodstock Street, Mayfair, London W1C 2AP
TENURE
Freehold.
PROPOSAL
We have been instructed by the vendor to
seekoersinexcessof£1,170,000 subject
to contract.
Apurchaseatthislevelreectsanetinitial
yield of 8%.
VAT
The property is not registered for Value
AddedTax.
LEGAL COSTS
Each party to be responsible for their own
legal costs incurred in this transaction.
FURTHER
INFORMATION
Lease details, EPC details and other
information can be found in our dataroom.
VIEWING & FURTHER INFORMATION
All interested parties are requested to make any appointments strictly
through Savoy Stewart.
>