93A Winchester Road, Chandler's Ford, SO53 2GG
- SIZE AVAILABLE
1,018 sq ft
95 sq m
- SECTOR
High street retail property for sale
Key features
- Let to KBB4U Limited at £17,750 pax
- 3 years lease granted from 01/07/2024
- Price £220,0000
- A purchase at this level reflects a Net Initial Yield of 7.88% assuming usual purchasers costs of 2.44%
Description
End of terrace ground floor retail unit with glazing on both front and side elevations. The property is currently fitted out as a showroom displaying kitchen designs and benefits from a WC and kitchen to the rear. Access is via two personnel doors, one on the side elevation and one to the rear.
Location
This property is end of terrace and forms part of a parade of shops and occupies a prominent position on Winchester Road, the main road through Chandler's Ford. The adjacent unit is occupied by Dominoes and there is parking to the rear.
Chandler’s Ford is an affluent town located equidistant between Southampton and Winchester, with access to the M3 at Junction 12 only 1.5 miles.
Other nearby occupiers include: Josie’s, Costa Coffee, Boots, Specsavers and Waitrose
Viewings
Via sole agents Vail Williams
Tenancy
Lease – 3 years lease from 1st July 2024, thus expiring on 30th June 2027, granted outside landlord and tenant act 1954.
Tenant – KBB4U Limited
Rent - £17,750 per annum exclusive
Anti Money Laundering
In accordance with Anti-money Laundering requirements, two forms of
identification will be required from the purchaser and any
beneficial owner together with evidence/proof identifying the source of
funds being relied upon to complete the transaction.
VAT
We have been informed by our client that the premises are currently elected for VAT. It is anticipated that the sale will be dealt with by way of a transfer of a going concern.
Tenure
The property is held on a 125 year lease from 25th March 1987 at a peppercorn rent (title number - HP347647)
Brochures
93A Winchester Road, Chandler's Ford, SO53 2GG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chandlers Ford Station0.4 miles
- Eastleigh Station1.7 miles
- Southampton Airport Parkway Station2.6 miles
Notes
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