Retail / Residential Unit For Sale, 2 Church Street, Romsey, SO51 8BU

The property is a three storey listed building. The 712 sq ft shop has frontage to Church Street and is visible from Market Place. The shop provides a combination of sales and storage areas with staff facilities to the rear of the property.

There are two 2 bedroom flats, one of which is let on an assured shorthold tenancy at an annual rent of £10,800 per annum. The other flat is sold off on a long lease. The owner pays a ground rent of £50 per annum.

Please see tenancy schedule overleaf.
( Agency Pilot Software ref: 904 )

Location

Romsey is a busy and affluent Market town in South Hampshire, approximately 9 miles north west of Southampton and 4 miles from Junction 3 of the M27. The subject property is in the Town Centre close to a variety of shops, restaurants and Romsey Abbey. Local occupiers include Costa Coffee, Boots and Barclays Bank. Romsey has its own railway station with frequent services to Southampton, Salisbury and Eastleigh. Southampton Airport is approximately 5 miles to the East.

Accommodation

712 sq ft (66.14 sq m)

Terms

The freehold is for sale for offers in excess of £465,000 reflecting an initial yield of 6.72% excluding purchasers costs.

Rates We have obtained information from the Valuation Office website and we understand that the Rateable Value of the shop is £16,750. We recommend that prospective tenants or purchasers verify this with the Valuation Office. Purchasers should make their own enquiries in relation to council tax.

VAT We are advised that VAT will not be payable

Specification

• Town Centre Location
• Net Initial Yield of 6.72% excluding purchasers costs.
• Character Features
• Listed Building