*Guide | £115,000+ (plus fees)
- Retail Property (high street)
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Mid Terrace Building Arranged to Provide a Ground Floor Commercial Unit Let Producing £12,000 Per Annum (Reflecting a Gross Initial Yield of 10.4% on the Guide Price) and a First Floor Flat (Sold Off on a Long Lease).
The property comprises a mid terrace building arranged to provide a ground floor commercial unit and a first floor flat (sold off). The shop benefits from front and rear access.
Tenure
Freehold
Location
The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Domino's Pizza, Waitrose and Boots. The open spaces of Hythe Pier are within easy reach. Transport links are provided by Beaulieu Road rail station.
Accommodation
Ground Floor Commercial Unit Kitchen WC G.I.A Approx 58 sq m First Floor Flat - Not Inspected
Exterior
The property benefits from one parking space to the rear.
Tenancy
The ground floor unit is subject to a lease for a term of 5 years commencing 1st November 2026 at a rent of £1,000 per calendar month. We understand the current rent is £800 per calendar month for the first 3 months of the agreement. The first floor flat is sold off on a long lease at peppercorn ground rent. Please refer to the legal pack for further information.
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 £1,800 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.
