Commercial Properties For Sale in Test Valley, Hampshire
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Prime located retail investment of 2 shops let producing a rental income of £47,500 pa plus vacant upper floor offices of 2,098 sqft suitable for conversion to residentail use (stp) or continued office use
- Prime located retail invesment with upper floor vacant offices
- 2 shops let producing rental income of £47,500 pa
- Shops let until 2029 and 2034
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Romsey is an affluent market town located in Hampshire. The town has easy access to Winchester (9.5 miles northeast), Southampton (7.5 miles south-east) and the New Forest via A3090, M271 and M27 respectively. The location offers a comprehensive selection of commercial premises including retail shops, restaurants, cafés and beauty salons. Major national retailers nearby include Boots, Waterstones and TSB. The asset is well positioned just off the prime position of Market Place and well located for nearby car parks, Romsey Abbey, excellent public transport links and benefits from good footfall along the main retail area. The property comprises a centre terraced building of traditional brick construction beneath a pitched slate tiled main roof. It provides two well configured lock up shops at ground level, with extensive glass frontage and rear access. The uppers are a self-contained two level residential flat which is sold off separately.
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This investment property comprises a three-storey Grade II listed building generating a total income of £31,620 per annum from a ground-floor retail unit and 2x two bedroom flats. One flat is let on an assured shorthold tenancy at an annual rent of £11,820 per annum. The other flat is sold off on a long lease. The owner pays a ground rent of £50 per annum. The 712 sq ft shop has frontage to Church Street and is visible from Market Place. It is let to Tidal Vapes Limited on a 7-year lease from April 2023, expiring April 2030, at a rent of £19,800 per annum. There is a tenant-only break option in April 2028. The lease is on effective full repairing and insuring terms. The rent is subject to an upwards-only review in April 2028. The lease is available to review upon request. The tenant offers a very good covenant, with a Credit Safe Risk Score of 79 (placing it in the upper 25% of 22,420 comparable companies) and an International Score of 'A' (very low risk). Details of the current service charge and sinking fund arrangements are available upon request. Please find the tenancy schedule overleaf.
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The subject property forms part of a small office park in a semirural location, approximately 3 miles north of Romsey Town Centre and 12 miles east of Salisbury. The property is situated on Romsey Road (A3057) which links directly to Romsey in the south and Stockbridge in the north. The M27 J2 is within 8 miles and this provides easy access on the M3 motorway. There are mainline railway stations in Romsey and Southampton. The property comprises a mid-terrace purpose-built two storey office building. Upon entering the building, you are welcomed by a spacious lobby area, leading through to the main open plan office space on the ground floor. The first floor provides more open plan office space, benefitting from ample natural light. Additional benefits include kitchen and WC facilities, as well as an ideal rural setting for any business. There are six parking spaces demised to the opportunity.
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Free of Tie village freehouse, restaurant & hotel for only £25,000; 6 en-suite letting rooms; Turnover £550,000 pa with massive potential; High quality bar areas & conservatory restaurant; Commercial kitchens; Function room; Car parks; Great trade gardens; FOT commercial lease; Quality owners home..
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To Let / For Sale Three units on a well established mixed-use development Located just two miles from Andover town centre, Andover Business Park is an established location for distribution and logistics, home to leading companies such as the Co-operative Group, Westcoast, Rich Products, Berry ...
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Units 1 & 2 are of blockwork construction with glass frontage. Access to the units is via two manual loading doors or separate pedestrian entrances. Internally the units offer ground floor storage/industrial space with kitchenette and WC facilities. Unit 1 benefits from mezzanine office accommodation. Each unit has 5 parking spaces.
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To Let / For Sale Industrial/distribution unit on a well established mixed-use development Located just two miles from Andover town centre, Andover Business Park is an established location for distribution and logistics, home to leading companies such as the Co-operative Group, Westcoast, Rich...
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BASED IN HAMPSHIRE £135,000 YE25 TURNOVER The company offers a comprehensive range of beauty, tanning, and wellbeing services. Tanning services are operated under a limited company, while all other treatments are delivered by qualified, self-employed specialists. All staff hold appropriate ...
