Comprising of a modern ground floor lock up shop. Inside the property has been divided into a front shop of mainly clear space, with a small cupboard and basement access. The centre of the shop has an internal room and the rear part of the shop contains kitchen, two WCs and a long storage area with rear fire access. There are four one bedroom flats above, all sold on long leases with ground rents of £XXX per annum each.
Location
The property is situated on the south side of High Street midway between the junctions of Wellington Street and Station Road and being directly opposite the High Street multi storey car park. The property is positioned two doors from the entrance to the Galleries Shopping Centre and next door Frankies Café.
Accommodation
Gross Frontage - 5.00 mts
Nett Frontage - 4.60 mts
Shop Depth - 21.49 mts
Ground Floor Shop Area - 117.00 sq mts (1,250 sq ft)
Basement Storage - 51.41 sq mts (553 sq ft)
Total Floor Area - 168.41 sq mts (1,813 sq ft)
Terms
SHOP LEASE: Let to Clement Bartley on a 15 year full repairing and insuring lease subject to upward only open market rent reviews at five yearly intervals from 23 November 2015. Rent rises to £XXX per annum exclusive on 23 November 2016.
PRICE: For the virtual freehold interest (999 years from 7 August 1858 841 years unexpired at a peppercorn rent) with the benefit of rental income circa.
£XXX per annum – offers invited in the region of £XXX subject to contract.
RATES: We are verbally informed by Rushmoor Borough Council that the premises are assessed for commercial rates of £XXX Rate in £XXX XXX (2016/17).
LEGAL COSTS: Each party is to be responsible for their own legal costs incurred in the sale.
Specification
- Suspended Acoustic Tiled Ceiling
- Recarpeted throughout
- Category 2 Lighting
- Redecorated throughout
- Kitchen Facilities
- Night Storage heating