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.

The shop 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).

There are two 2 bedroom flats, one of which 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 tenant's total combined service charge contribution is currently £8,866 per annum. Details of the service charge and sinking fund are available upon request.

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