6 Cornmarket, Romsey, Hampshire, SO51 8GB

Location

Romsey is a busy market town where there has been an increase in the residential population following recent and continued residential development. The town is located approx. 7 miles north of Southampton, 11 miles south west of Winchester and 17 miles south of Salisbury. It is approx. 3 miles from J3 of the M27/M271.

The property is located in the busy town centre opposite Bradbeer Department store & overlooking The Hundred, the main retail location of the town. The property is opposite the Romsey market which operates 3 days per week. The Cornmarket also links into Bell Street and Market Place. Other neighbouring occupiers include Specsavers Opticians, McColls, Café Nero WH Smith, Costa Coffee, various estate agents and various independent coffee shops. The property is within a short walking distance of Waitrose, Co-Op and Aldi supermarkets.

There are various car parks serving the town centre and some on-street car parking in various location of the town.

Description

The accommodation provides a ground floor lock-up shop unit which was refurbished a few years ago.

Accommodation Summary

The property has been measured on a net internal area basis, as follows:-

Sales area 25.08 m2 270 sq ft
Int width 9ft 6"
Depth 28'5
Kitchenette and WC

Business Rates

The VOA have assessed the business premises on the 2023 Rating List with a Rateable Value of £9,000.

Some tenants will be able to claim small business rate relief such that no rates will be payable. Prospective occupiers should make their own enquiries of Test Valley Borough Council to clarify the level of rates payable

Lease Terms

The unit is available on the basis of the assignment of an existing lease held for a term of 6 years from 2nd April 2024 on an effective full repairing and insuring lease. The current lease is contracted out of the Landlord & Tenant Act 1954. The landlord has indicated that consideration would be given to granting a longer lease.

Rent

£16,500 pa subject to review in April 2027

The rent is excl of VAT & business rates. {VAT is not currently payable}

Energy Performance Certificate

The unit has a 2023 energy performance asset rating of 81 (band D). A copy of the certificate is available for inspection.