This property is no longer on the market
Shop
Property description & features
- Tenure: Freehold
- Freehold Investment
- Sold with tenant with lease until 2032
- Current rent of £12,960 per annum
- Lockup shop unit with rear office & kitchen
- His and hers toilets
- Located near Council Car park
- Walking distance of railway
- Sole Agents
Rooms
SHOP UNIT
Mid terraced ground floor retail premises comprising a main sales area, Kitchen and dual WC's with wash hand basin are located to the rear of the premises. The premises are carpeted throughout and benefit from storage basement and a suspended ceiling with recessed lighting.
LEASE
The current occupiers have a 15 year full repairing and insuring lease at a rental of £12,960 per annum. Next rent review will be August 2026 but is capped at 4%. Current lease expires 1st September 2032.
ENTRANCE
Via double sliding doors and disability ramp provide access to:
SHOW ROOM 5.78m x 9.38m Max (19' 0" x 30' 9" Max)
Narrows to 6.58m with suspended ceiling and CAT 2 lighting with large glass window to High Street. Numerous power points. Air conditioning which provides heating and cooling. Window to rear, large basement located below shop accessed by floor hatch.
OFFICE 3.63m x 3.79m (11' 11" x 12' 5")
Double glazed window to rear/side, suspended ceiling and CAT 2 lighting. Numerous power points and network points, Air conditioning.
KITCHEN 3.78m x 2.11m (12' 5" x 6' 11")
Electric wall heater, single drainer stainless steel sink unit (h & c) with separate 'Hydroboil' instant hot water heater. Fixed shelving for files. Fire Exit access. Meter storage cupboard, door to:
CLOAKROOM
Male and Female Cloakrooms with low flush WC's with one wash hand basin.
LEGAL COSTS
Each party are to bear their own legal costs incurred in the transaction.
RATEABLE VALUE
According to the Valuation Office Agency website, the premises are assessed for rating purposes as follows:
Current rateable value (1 April 2023 to present)
£10,750
This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.
LOCATION
The premises are located within New Milton's main shopping thoroughfare of Station Road where numerous multiple retailers are represented including BOOTS, SUPERDRUG, NEW LOOK, MORRISONS, SUBWAY and COSTA COFFEE together with branches of the major banks. There is one hour roadside parking near the property and a main council owned car park nearly opposite in Osborne Road.
FLOOR PLAN
All measurements wall doors windows fittings and appliances their sizes and location are shown conventionally and are approximate only and cannot be regarded as being a representation either by the Seller, or Ross Nicholas & Company.
DIRECTIONAL NOTE
From our Office in Old Milton Road turn left at the traffic lights towards the Station and No. 16 will be found on the left almost opposite Lloyds Bank.
PLEASE NOTE
All measurements quoted are approximate and for general guidance only. The fixtures, fittings, services and appliances have not been tested and, therefore, no guarantee can be given that they are in working order. Photographs have been produced for general information and it cannot be inferred that any item shown is included with the property.
EPC
Energy Performance Certificate Band D
Property information from this agent
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Energy Performance data and Internal floor area
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