Retail Investment Opportunity in Ringwood

15

High Street Ringwood Hampshire BH24 1AB

Investment Property For Sale: £350,000
Total Floor Area: 844 sq.m/9,084 sq.ft
Net Investment Income: £20,000 per annum




Last updated: 26 Feb 2020 Ref: M3307

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

  • Net Internal Floor Area
15 High Street Ringwood - Mrs A Cork
Measurementimperialmetric
Ground Floor9,084 sq.ft844 sq.m
Total Floor Area9,085 sq.ft844 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 UnitTenantRental IncomeLease Dates
15 Mrs A Cork £20,000 25.12.01 -start
No -break
Total Rent £20,000


Covenant Information:

Mrs A Cork

The 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.

Map



CowlingWest
Agents Contact Details

Name: David Cowling
Company: Cowling & West
Address: The White House 170 Magna Road Canford Magna Wimborne Dorset BH21 3AP
Email:
Email the agent
Direct Dial: (01202) 558262
Mobile: (01202) 558262






Download pdf brochure Brochure for:  High Street  Ringwood Hampshire  BH24 1AB. Investment Property For Sale: £350,000. Total Floor Area: 844 sq.m/9,084 sq.ft. Net Investment Income: £20,000

Contact Information

Contact us

©2013-19 AcquirePremises

Google+ Facebook

Property Information

(links to external sites)

Find who owns property


Find a property's Rateable Value


Find a property's Flood Risk Status


Find Chartered Surveyors and Services


Find Enterprise Zone Locations

Financial Tools and Data

Freehold SDLT Calculator


Leasehold SDLT Calculator


Retail and Consumer Price Indices


(links below to external sites)


Bank of England data


FTSE 100