Market Chambers 21 /21A Market Place, Romsey, Hampshire, SO51 8NA

Location

Romsey is a busy market town where there has been an increase in the residential population following recent 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 a prime busy town centre trading location fronting on to the section of Market Place which links into The Hundred. Romsey market also operates 3 days per week opposite the property in The Cornmarket. The property is opposite Café Nero and next to Specsavers Opticians. Other neighbouring occupiers include TG Jones, Costa Coffee, Waterstones. The property is also close to the Bradbeer Department store and 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 locations of the town.

Description

The property comprises a 4 storey Grade II Listed building providing two ground floor lock-up shops together with self-contained offices on three upper floors. The offices are accessed via a separate entrance from Market Place and have previously been used as both offices and also beautician treatment rooms. Some of the offices have laminate floors (installed over existing carpets). The offices have electric heating with WC's and shower on the first floor.

There is the potential for the vacant upper floors to be converted in residential accommodation subject to planning permission being granted.

GROUND FLOOR - 2 shops let and occupied

UPPER FLOOR OFFICES
MARKET CHAMBERS

First Floor

5 Offices 72.74 sq m 783 sq ft
2 Kitchens 7.62 sq m 82 sq ft
WC's

Second Floor

3 Offices 70.98 sq m 764 sq ft

Third Floor

3 Offices (44 ft2 have a clear head room of less than 1.5m) 43.57 sq m 469 sq ft

Total Net Floor Area 194.9 sq m 2,098 sq ft

Energy Performance Certificate

The property has various energy performance asset ratings as follows:

21 Market Place - 68 (band C) - Expires 2035
21A Market Place - 53 (band C) - Expires 2034
Market Chambers 21A Market Place - 83 (band D) Expires 2033

A copy of the certificates are available for inspection.

Business Rates

The VOA have assessed the business premises on the 2023 Rating List with the following Rateable Values:

21 Market Place - £17,250
21A Market Place - £11,250
Market Chambers 21A Market Place - £23,750

Lease Details

The two ground floor shops are let producing a rental income fo £47,500 pa. Full details can be provided. The property is being sold with vacant possession of the upper floors.

Tenure Freehold

Proposal

The freehold is offered for sale with a guide price of £740,000 subject to contract. The property is not elected for VAT.