Latimer Street, Romsey, Hampshire SO51 8DG
- SIZE AVAILABLE
2,545 sq ft
236 sq m
- SECTOR
Mixed use property for sale
Key features
- £520,000 / 7.19% Net Initial Yield
- Delicatessen/café with two long lease flats
- Shop lease renewed in 2023 with 9 years unexpired (tenant break in 6 years)
- Total rent income £39,200 pa
- Effective FRI tenancies
- 2 car parking spaces in rear yard
Description
The retail unit has a new lease with 9 years unexpired (tenant only break at sixth anniversary). The current rent payable is £38,900 with 3 yearly rent reviews. There is a rent deposit of £9,725. The lease is fully repairing and insuring by way of service charge.
There are two first floor flats sold on 125 year long leases from 1st April 2006 expiring 30 March 2131. Flat 16B has two bedrooms and Flat 16C has one bedroom. Both have a kitchen and a living room. The ground rent is £150 pa per flat which doubles every 25 years, eventually rising to a combined total income of £4800 per annum.
Brochures
Latimer Street, Romsey, Hampshire SO51 8DG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Romsey Station0.3 miles
- Mottisfont & Dunbridge Station3.7 miles
- Redbridge (Southampton) Station5.0 miles
About Keygrove Chartered Surveyors, Southampton
Harbour Lights Maritime Walk, Ocean Village, Southampton, SO14 3TL
Keygrove is a well established and entirely independent firm of Chartered Surveyors specialising in commercial property, operating from a landmark building in Ocean Village, Southampton.
We offer Director level service with an emphasis on accountability. Our independent status allows us to tailor our services to our clients' needs whether starting from a 'blank sheet' or applying our skills and knowledge to an existing project.
We provide our services (see 'what we do' above) to l
Notes
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