*Guide | £55,000+ (plus fees)
- Retail Property (high street)
- Tenure: Leasehold. The property is held on a 999 year lease.
Call the team on 020 7625 9007 for more information
A Ground Floor Retail Unit Subject to a Lease Producing £7,200 Per Annum (Reflecting a Gross Initial Yield of 13%)
The property comprises a ground floor retail unit situated within a mixed use parade arranged over ground and first floors.
Tenure
Leasehold. The property is held on a 999 year lease.
Location
The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Esso and The Co-operative Food. The open spaces of Redhill Park are within easy reach. Transport links are provided by Parkstone rail station.
Accommodation
Ground Floor Retail Space Kitchenette WC
Tenancy
The property is subject to an FRI lease for a term of 7 years commencing 31st August 2023 at a rent of £7,200 per annum. The lease is supported by a personal guarantor. We understand a rent deposit of £1,500 is held.
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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
