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Retail Property (high street) for sale

8 Queen Street, Twyford, Hampshire, SO21

Removed 746 sq. ft. | £245,000

Property Description

Key features

  • Ground floor and first floor 850 sq ft (79 sq m)
  • Located in affluent village on the outskirts of Winchester
  • Forecourt with customer parking
  • Freehold investment sale
  • New ten year lease to existing tenant at an intial rent of 14,750 with minimum guaranteed uplift at year 5
  • Residential development potential upon reversion

Full description

Tenure: Freehold

This listed property comprises a double frontage main trading area with ancillary areas behind and to the side. Additional commercial space is included on the first floor accessed by an external staircase. Externally the property enjoys a forecourt with parking provision for 2 cars, storage and rights of access to the rear shared with neighbouring properties. Total Net Internal Area 69.3 sq m / 746 sq ft.

In our opinion this represents a superb opportunity to acquire a fantastic investment property, the investment has demonstrated a consistent return for the duration of the last lease, furthermore it is sold with the benefit of a new 10 year, fully repairing and insuring lease.

In our opinion long term potential exists for further residential development or conversion subject to vacant possession and necessary planning consents.

More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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