Property for sale
Property description & features
- Tenure: Freehold
- Investor Opportunity
- Other uses STP
- Village Location
Of Interest to Investor Clients – Hempstead
This freehold building divided into three self contained commercial units has come to the market for sale with the benefit of the rental income with potential uplift. Situated in the village of Hempstead, this sought after area benefits from a high footfall within this residential location. Close by is a neighbourhood pub, a Co-Op supermarket, doctors surgery and an Indian restaurant.
The property consists of 2 retail units and an office on the first floor, currently producing £26,200 per annum exclusive. The interiors shop lease expires in July this year and they are looking to vacate, giving the buyer the opportunity for a new tenant or trade from here themselves. The first floor offices are holding over and the lease for the pharmacy expires in April next year, therefore there are rental uplift opportunities.
There is potential for redevelopment, subject to planning.
Right Hand Shop – 148 Hempstead Road currently trading as ‘Strictly no Magnolia’, an interiors retail shop. The lease expires in July of this year at a current rent of £12,000 p.a.x. Approximately 322 sq.ft.
Left Hand Shop – 148b Hempstead Road has traded for many years as a pharmacy with a lease expire of April 2025 at a current rent of £10,000 p.a.x. Approximately 373 sq.ft.
First Floor Offices – trading as non surgical procedures and currently holding over at a rental of £4,200 p.a.x. Approximately 277 sq.ft.
Price for the freehold £360,000 with the benefit of the leases, subject to contract.
Rates: 148 Hempstead Road – RV £3,450. 148a Hempstead Road – RV 3,050 and 148b Hempstead Road – RV 4,100.
Legal Costs: Each party to bear their own legal costs.
Property information from this agent
Places of interest
Greyfox Sales & Lettings - Walderslade
Unit 2, Thetford House, Walderslade Village Centre, Walderslade Road Walderslade, Chatham, Kent ME5 9LR
See more properties like this:
*DISCLAIMER
Property reference 27388130. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Greyfox Sales & Lettings - Walderslade.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on May 9, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.