Portsmouth is located on the south coast of the UK and is the second largest city Hampshire. It is a major commercial and retailing centre, one of the UK’s main commercial ports and is home to the Royal Navy. Portsmouth is a popular tourist destination with attractions such as Portsmouth Historic Dockyard, which houses HMS Victory and the Mary Rose, the Charles Dickens Birthplace Museum, Spinnaker Tower and the Gunwharf Quays shopping centre.

Portsmouth is located approximately 112 km (70 miles) south west of Central London, 29 km (18 miles) south east of Southampton, 72 km (45 miles) west of Brighton and 80 km (50 miles) south of Reading.

The city benefits from good road communications with convenient access provided into Portsmouth city centre via the M275, which in turn links the city to the M27 and A27 which form the main coastal route. The M27 provides access west towards Southampton and the A27 provides access east towards Chichester and Brighton, as well as to the A3(M) and A3, linking to the M25 and London.

Portsmouth is well connected to the national railway network with two train stations in the city centre; Portsmouth & Southsea Station and Portsmouth Harbour Station. The fastest journey time to London is approximately 1 hour 30 minutes. Portsmouth is also connected via the M27/M23 to two major airports; Southampton Airport, situated approximately 32 km (20 miles) to the north-west and London Gatwick, situated 90 km (56 miles) to the north-east.

The property has been measured by BKR Floor Plans and provides the following net internal floor areas;

Floor plans are available to download and the measured survey report will be assigned to a purchaser at a cost of £300 + VAT.

Harland South Limited (Co No. 10692907) are a dormant company. Their lease is guaranteed by Amsric Foods Limited.

Amsric Foods Limited (Co No. 02770878) has reported the following figures:

Amsric Foods Limited operates fast food restaurants as a franchisee of KFC. The company has been trading since 1992 when their first store opened in Woking, Surrey. The company employs approximately 1,000 members of staff across 51 KFC high street, drive-thru and shopping centre stores throughout the South of England.

Subsequent to the end of 2017, Amsric Foods Limited operated 30 restaurants. In December 2017 and January 2018, they expanded further by acquiring 21 new restaurants across the south of England, bringing their total to 51.

Amsric Foods Limited is a wholly owned subsidiary of Amsric Holdings Ltd which, in addition to their KFC restaurants, operates 17 Starbucks stores across the south of the UK and one Anytime Fitness Health Club in Woking.

Kentucky Fried Chicken (Great Britain) Limited (Co No. 00967403)

“The principal activity of the Company during the period continued to be the sale of KFC products through company-owned restaurants in the UK and via its branch in Germany, in addition to the receipt of income from Franchisees of the KFC trademarks and processes in the UK”.

Done Brothers (Cash Betting) Limited (Co No. 1277703) has reported the following figures:

Done Brothers (Cash Betting) Limited was founded in 1967 as Done Bookmakers by Fred Done and Peter Done. The business has grown steadily over the years and the trading name was rebranded as Betfred in 2004.

In 2017, Betfred purchased 322 shops due to the merger between Ladbrokes and Coral in 2016 and now operates over 1,650 betting shops across the UK in addition to 51 racecourse shops throughout the UK, including Epsom, Newmarket and Cheltenham. For further information see: www.betfredcorporate.com

Savers Health and Beauty Limited (Co No. 02202838) has reported the following figures:

Savers Health & Beauty specialise in the sale of affordable health, home and beauty products. Their first store opened in Durham in 1988 and has since grown to a total of over 400 stores throughout the UK. As reported on their website, Savers Health & Beauty’s principles are to stock the best branded, health, home and beauty products on the high street at the best prices.

In 2000 Savers Health and Beauty was acquired by A.S. Watson Group who, according to their website, are the world’s largest health and beauty retailer. They in turn are a wholly owned subsidiary of CK Hutchison Holdings, one of the largest companies listed on the Hong Kong stock exchange. Their five core businesses are ports and related services, retail, infrastructure, energy and telecommunications. For further information see www.savers.co.uk

We are instructed to seek offers in the region of £1,550,000  (One Million Five Hundred and Fifty Thousand Pounds), subject to contract, reflecting a net initial yield of 8.0%, assuming standard purchaser’s costs of 6.12% and a reversionary yield of 7.6%.

Please note that a purchaser will be re-charged the costs of searches which are provided in the data room.