A superb opportunity to acquire a fully let freehold mixed-use investment in the heart of Hinchley Wood.
This well-located property comprises a ground floor retail unit and a large self-contained masionette above, both let to long-standing tenants.
The ground floor is occupied by a barber on a 12 year lease, currently producing £13,500 per annum. Rent review last carried out in March 2025.
The flat has been occupied by the same tenant for approximately 15 years, generating £1,500 per calendar month (£18,000 per annum).
To the rear of the property there are two private parking spaces.
Flat EPC C
Shop EPC B
Viewings are strictly by appointment only. Please do not approach or disturb the tenants.
Location
The property is situated in a prominent position within a well-established parade of local shops, just moments from Hinchley Wood Station and with easy access to the A3, making it a highly convenient location for both residential and commercial tenants.
Accommodation
The unit measures approximately 435 sq ft
The upper masionette is arranged two floors and offers spacious accommodation, including two/ three bedrooms, a separate kitchen, a large living room, bathroom, and separate W.C. Accessed via its own private entrance at the front of the property - Room dimensions are available on request.
Terms
Tenure: Leasehold
Price/premium: £575,000
Legal fees: Each party to bear their own
Rateable value: The VOA state a rateable value of £9,400 payable at the prevailing rate.
Lease details: Shop- 12 years from March 2025 drafted inside the Landlord and Tenant Act 1954 Flat- 1 year AST from April 2025
Specification
- Mixed use investment
- Allocated parking
- Close to station
- Freehold
- Fully let
- Popular trading estate