The property has been trading for several years as a bike shop, but can be used for a variance of retail uses, and offers a rare opportunity for you to purchase your own shop.
Location
The premises are located in the busy shopping area of Camp Road within South Farnborough. Other retailers include Co-op, RSPCA, Coral, Budgens etc plus a good range of cafes and restaurants, and smaller diverse/niche retailers including Elevenses sandwich shop and the very popular “Tea Shop Around The Corner”.
Accommodation
865 ft2 (80.36 m2)
Terms
FOR SALE The premises are available for sale, and the ground lease interest can be purchased for a figure of £167,500 plus VAT. Our clients hold a 125 year ground lease granted in August 2005 at a current ground rent of £25 per annum.
The premises can also be leased subject to tenant status at a rent of £14,750 pax.
SERVICE CHARGE To be confirmed.
VAT To be confirmed.
LEGAL COSTS Each party to bear their own legal costs in the matter.
PLANNING
The premises have been used as a retail shop Class E Use.
POSSESSION
The premises are being sold with vacant possession.
BUSINESS RATES
A Rateable Value of £10,750, assuming the current national multiplier of 0.499 pence in the pound, this gives rates payable of around £5,365 for 2024/2025, HOWEVER, if the property is to be your only commercial unit, then you will benefit for 100% rates relief… We advise interested parties to discuss this matter with the Rates Department at Rushmoor Borough Council on 01252 398398.
ENERGY PERFORMANCE CERTIFICATE (EPC)
B-44
Specification
- MODERN LOCK-UP SHOP AVAILABLE FOR SALE
- BUSY LOCAL SHOPPING ROAD
- TOILET FACILITY
- GOOD EPC RATING
- RATES FREE IF THE SHOP IS TO BE YOUR ONLY BUSINESS PREMISES!