Sold Prior
- Retail Property (high street)
- 3 Bedrooms
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Commercial and Residential Investment Comprising a Ground Floor Restaurant and Three Bedroom Flat. Fully Let on a Single 12 Year FRI Lease Producing £30,000 Per Annum
The property comprises a mid terrace building arranged to provide a ground floor restaurant and three bedroom flat on the first floor.
Tenure
Freehold
Location
The property is situated on a local high street close to shops and amenities. The open spaces of New Milton Recreation Ground are within easy reach. Transport links are provided by New Milton rail station.
Accommodation
Lower Ground Floor Storage Room Ground Floor Restaurant Kitchen WC First Floor Reception Room Kitchen Three Bedrooms Bathroom
Exterior
The flat benefits from a separate entrance.
Tenancy
The entire property is let on a 12 year FRI lease from July 2022 at a rent of £30,000 per annum. Rent reviews every 4 years (first review waived).
Current Rent Reserved
Current Rent Reserved £30,000 per annum
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
