Town centre retail investment.
Ground Floor Business Premises with s/c Flat Above.
Occupier Business not Affected.
Location
Within 1/2 mile of mainline train station (London Waterloo).
Accommodation
Ground Floor
Frontage - 11 ft 6 in
Internal Width - 15 ft 1 in
Built Depth - 59 ft
Total Net Internal Area - 687 sq ft
First Floor - Self-Contained Flat
Terms
The freehold investment is available with a guide price of £300,000.
Lease - The whole premises are let to Messrs Warren Powell Richards Ltd on the basis of a 10 year lease from 21 March 2021, due to run to 2031. The current rent is £22,500 per annum exclusive, subject to 5 yearly rent review. There is a tenant option to break, subject to 6 months prior written notice at March 2026.
There is permission for the tenant to let the s/c flat separately, on the basis of an Assured Shorthold Tenancy.
Rates - Interested parties are advised to contact East Hampshire District Council.
EPC - An Energy Performance Certificate has been undertaken and is available on request. The rating is B (46) on a scale from A to G.
Specification
- Let to Warren Powell Richards Ltd (Estate Agents)
- 10 Year Lease from 21 March 2021
- £22,500 per annum exclusive rent, 5 yearly rent review
- EPC – B Rated (42)
- Outside Security of Tenure Provisions of the Landlord and Tenant Act