September 2021: Wednesday 01 September 2021 - 9:00am
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    Key features

    • Income producing mixed use building let to Mecca Bingo ltd
    • Passing rental of £55,000 per annum
    • Redevelopment potential subject to consents
    • Sketch scheme drafted comprising 23 apartments
    • The design is inline with the recent residential development next door

    Description

    A detached brick built mixed use building arranged over three floors including a bingo hall, ancillary offices and storage plus two retail units.

    Additional information

    Tenure

    Freehold

    Accommodation

    Approximate Dimensions

    Bingo Hall – 700 sq m (7,543 sq.ft).

    Former Hair Salon – 47.5 sq m (512 sq.ft).

    Hair & Beauty Shop – 41.8 sq m (450 sq.ft).

    Tenancy

    Let to Mecca Bingo Ltd on a 30 year lease commencing 01/08/1993

    Planning

    A sketch plan has been prepared by WLA Architects - the same firm who designed the adjoining Bellway Homes development. This shows how the site could be redeveloped to provide 23 apartments - subject to the requisite consents.

    Rent

    £55,000 per annum

    Notes

    Mecca Bingo Ltd is a subsidiary of The Rank Group Plc. The 2020 company accounts showed a turnover of £132.8m, Tangible net worth of £65.6m and total assets of £171.4m (source Dunn & Bradstreet)

    We are advised that the tenants are up to date on rental payments and have continued to pay rent throughout the pandemic.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Andover is an attractive market town situated approximately 17 miles north of Winchester and 70 miles south west of London.

      Situated within a prominent and central position just to the west of the main shopping area.

      The surrounding area is predominantly residential.

      The town centre provides many shops bars and restaurants together with The Chantry Shopping Centre.

      The River Anton runs through Andover and provides recreation amenities, there are also several parks in the town.

      The A303 runs to the south of Andover and provides a link to the west country.

      Andover Station has a frequent and direct commuter service to London Waterloo


      Transport

      Andover Station - National Rail

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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