For Sale By Auction | 9:30, 21 May 2024 | Lot 28A

35 & 35A London Road, Cowplain, Waterlooville, Hampshire, PO8 8DF

Sold £312,000

  • Retail Property (high street)
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Tue 21/05/2024

Auction Time

9:30

Auction Venue

Live Stream

A Mid Terrace Building Arranged to Provide Two Ground Floor Shops with First Floor Ancillary Space Fully Let Producing £22,000 Per Annum

The property comprises a mid terrace building arranged to provide two ground floor shops and first floor ancillary space. There may be potential to convert the first floor to residential.

Tenure

Freehold

Location

The property is situated on a commercial parade, close to local shops and amenities. The open spaces of Jubilee Park are within easy reach. Transport links are provided by the A3 to the east.

Accommodation

Ground Floor Front Shop Area Ground Floor Rear Shop Area First Floor Ancillary Space

Tenancy

35 London Road is subject to a lease for a term of 15 years commencing 12th July 2012 at a rent of £15,000 per annum. 35A London Road is subject to a lease for a term of 3 years commencing 17th May 2023 at a rent of £7,000 per annum.

Approximate GIA: 1,750 Sq Ft (162 Sq M)

EPC Rating

35 London Road - B 35a London Road - D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.