Property Description
INVESTMENT SUMMARY
•Freehold Retail Investment
•Popular New Forest market town
•Let to Mrs A Cork (by Assignment) on a 20 yr lease from 25.12.01
•Current rent £20,000 pa.
•Ground floor retail unit with self-contained 4 bedroom single reception room apartment on the first and second floors
•Development potential STP
•Possible regearing and splitting of accommodation on lease expiry
A mid-terrace 3 storey buidling with self-contained retail accommodation on the ground floor and self-contained residential accommodation on the first and second floors. The property is positioned in the centre of the market town of Ringwood. The property has frontage to the High Street and a rear access from Kings Arms Row.
TENURE - FREEHOLD
SIZE - 844 sq ft (+ upper residential accommodation)
PROPOSAL
We are instructed to seek offers in excess of £350,000
(** Please click the link to download marketing particulars which contains tenancy and further details ---------> ** )
Measurements
15 High Street Ringwood - Mrs A Cork| Measurement | imperial | metric |
|---|
| Ground Floor | 9,084 sq.ft | 844 sq.m |
| Total Floor Area | 9,085 sq.ft | 844 sq.m |
Agent's Disclaimer
MESSRS COWLING & WEST FOR THEMSELVES AND FOR VENDORS OR LESSORS OF THIS PROPERTY WHOSE AGENTS THEY ARE GIVE NOTICE THAT: THE PARTICULARS ARE SET OUT
AS A GENERAL OUTLINE ONLY FOR THE GUIDANCE OF INTENDED PURCHASERS OR LESSEES, AND DO NOT CONSTITUTE, NOR CONSTITUE PART OF, AN OFFER OR CONTRACT; ALL
DESCRIPTIONS, DIMENSIONS, REFERENCES TO CONDITION AND NECESSARY PERMISSIONS FOR USE AND OCCUPATION, AND OTHER DETAILS ARE GIVEN WITHOUT RESPONSIBILITY
AND ANY INTENDING PURCHASERS OR TENANTS SHOULD NOT RELY ON THEM AS STATEMENTS OR REPRESENTATIONS OF FACT BUT MUST SATISFY THEMSELVES BY INSPECTION
OR OTHERWISE AS TO THE CORRECTNESS OF EACH OF THEM; NO PERSON IN THE EMPLOYMENT OF MESSRS COWLING & WEST HAS ANY AUTHORITY TO MAKE OR GIVEN ANY
REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
Sale Terms
Offers are sought in excess of £350,000 subject to contract and exclusive of VAT. This equates to a capital value of £39 per sq ft.
Tenant, lease and rent summary
High Street Ringwood BH24 1AB
| Retail Unit | Tenant | Rental Income | Lease Dates |
|---|
| 15 |
Mrs A Cork |
£20,000 |
25.12.01 -start
No -break |
| Total Rent |
|
£20,000 |
|
Covenant Information:
Mrs A CorkThe property is let to Mrs A Cork (by assignment) for a term of 20 years from 25.12.2001.
Agent's Disclaimer
MESSRS COWLING & WEST FOR THEMSELVES AND FOR VENDORS OR LESSORS OF THIS PROPERTY WHOSE AGENTS THEY ARE GIVE NOTICE THAT: THE PARTICULARS ARE SET OUT
AS A GENERAL OUTLINE ONLY FOR THE GUIDANCE OF INTENDED PURCHASERS OR LESSEES, AND DO NOT CONSTITUTE, NOR CONSTITUE PART OF, AN OFFER OR CONTRACT; ALL
DESCRIPTIONS, DIMENSIONS, REFERENCES TO CONDITION AND NECESSARY PERMISSIONS FOR USE AND OCCUPATION, AND OTHER DETAILS ARE GIVEN WITHOUT RESPONSIBILITY
AND ANY INTENDING PURCHASERS OR TENANTS SHOULD NOT RELY ON THEM AS STATEMENTS OR REPRESENTATIONS OF FACT BUT MUST SATISFY THEMSELVES BY INSPECTION
OR OTHERWISE AS TO THE CORRECTNESS OF EACH OF THEM; NO PERSON IN THE EMPLOYMENT OF MESSRS COWLING & WEST HAS ANY AUTHORITY TO MAKE OR GIVEN ANY
REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
There are no plans available to view for this property. Contact the agent for further information
Property Location
The property is situated in the centre of Ringwood close to Fridays Cross. Ringwood is a vibrant New Forest market town with excellent road communications via the A31 and A338 providing good access to Bournemouth, Poole, Salisbury, Southampton and the motorway network to London.
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