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93A Winchester Road, Chandler's Ford, SO53 2GG

£220,000

£216.11 per sq ft

Business rates & charges may apply

Vail Williams, Southampton
SIZE AVAILABLE

1,018 sq ft

95 sq m

SECTOR

High street retail property for sale

Key features

  • Let to KBB4U Limited at £17,750 pax
  • 3 years lease granted from 01/07/2024
  • Price £220,0000
  • A purchase at this level reflects a Net Initial Yield of 7.88% assuming usual purchasers costs of 2.44%

Description

Description
End of terrace ground floor retail unit with glazing on both front and side elevations. The property is currently fitted out as a showroom displaying kitchen designs and benefits from a WC and kitchen to the rear. Access is via two personnel doors, one on the side elevation and one to the rear.

Location
This property is end of terrace and forms part of a parade of shops and occupies a prominent position on Winchester Road, the main road through Chandler's Ford. The adjacent unit is occupied by Dominoes and there is parking to the rear.

Chandler’s Ford is an affluent town located equidistant between Southampton and Winchester, with access to the M3 at Junction 12 only 1.5 miles.

Other nearby occupiers include: Josie’s, Costa Coffee, Boots, Specsavers and Waitrose

Viewings
Via sole agents Vail Williams

Tenancy
Lease – 3 years lease from 1st July 2024, thus expiring on 30th June 2027, granted outside landlord and tenant act 1954.

Tenant – KBB4U Limited

Rent - £17,750 per annum exclusive

Anti Money Laundering
In accordance with Anti-money Laundering requirements, two forms of
identification will be required from the purchaser and any
beneficial owner together with evidence/proof identifying the source of
funds being relied upon to complete the transaction.

VAT
We have been informed by our client that the premises are currently elected for VAT. It is anticipated that the sale will be dealt with by way of a transfer of a going concern.

Tenure
The property is held on a 125 year lease from 25th March 1987 at a peppercorn rent (title number - HP347647)

Brochures

93A Winchester Road, Chandler's Ford, SO53 2GG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Chandlers Ford Station0.4 miles
  • Eastleigh Station1.7 miles
  • Southampton Airport Parkway Station2.6 miles

About Vail Williams, Southampton

Savannah House, 3 Ocean Way, Southampton, SO14 3TJ

Vail Williams, Southampton

Clients value the way we work.

Whilst our expertise lies in commercial property advice, we are extremely commercially-minded, always absorbing ourselves in your world and seeing the issues from the perspective of your business. We recognise that to you the commercial outcomes are paramount. We focus on this, actively looking for commercially advantageous opportunities to deliver the maximum value in our service.

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Notes

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