FOR SALE - Hellier Langston
FOR SALE FREEHOLD RETAIL INVESTMENT WITH RESIDENTIAL UPPER PARTS
Freehold
BUSINESS UNAFFECTED
Good quality commercial tenant on a long term lease
102-106 HIGH STREET LEE-ON-THE-SOLENT PO13 9DA
Total income of £28,740 per annum exclusive
LOCATION
The property is located in Lee-on-the Solent a small seaside district within the Borough of Gosport, approximately 5 miles to the west of Portsmouth. The property is located in the High Street which is the main retail location of the town. DESCRIPTION The property is a three storey unit with ground floor retail with two 2 bedroom flats on the first and second floors. ACCOMMODATION Address
Present Lessee
Accommodation Gross Internal Area
Lease Terms
Current Rent
Next Rent Review/ Reversion
104 High Street
Advantage Travel Centres Limited
Retail Ground Floor 36.88 m² (397 sq. ft.)
15 year lease from 31st January 2013
£12,000
31st 2018
Flat 102 High Street
Private lessee
2 bedroom flat
Assured Shorthold Tenancy
£675 per calendar month
N/A
Flat 106 High Street
Private lessee
2 bedroom flat
Assured Shorthold Tenancy
£720 per calendar month
N/A
January
TENANT INFORMATION For the year ended 30th September 2014, Advantage Travel Centres Limited reported a turnover of £12.53m and a pre-tax profit of £643,704.
RATEABLE VALUE Billing Authority Gosport Borough. 104 High Street – Shop & Premises £7,700 COUNCIL TAX 102 High Street – Band A 106 High Street – Band A PRICE £400,000 for the freehold investment subject to contract and the existing tenancies. EPC Rating - E LEGAL COSTS Each party to bear their own legal costs incurred in the transaction. VIEWING Strictly by appointment through sole agents Hellier Langston.
Freehold
BUSINESS UNAFFECTED
Good quality commercial tenant on a long term lease
102-106 HIGH STREET LEE-ON-THE-SOLENT PO13 9DA
Total income of £28,740 per annum exclusive
LOCATION
The property is located in Lee-on-the Solent a small seaside district within the Borough of Gosport, approximately 5 miles to the west of Portsmouth. The property is located in the High Street which is the main retail location of the town. DESCRIPTION The property is a three storey unit with ground floor retail with two 2 bedroom flats on the first and second floors. ACCOMMODATION Address
Present Lessee
Accommodation Gross Internal Area
Lease Terms
Current Rent
Next Rent Review/ Reversion
104 High Street
Advantage Travel Centres Limited
Retail Ground Floor 36.88 m² (397 sq. ft.)
15 year lease from 31st January 2013
£12,000
31st 2018
Flat 102 High Street
Private lessee
2 bedroom flat
Assured Shorthold Tenancy
£675 per calendar month
N/A
Flat 106 High Street
Private lessee
2 bedroom flat
Assured Shorthold Tenancy
£720 per calendar month
N/A
January
TENANT INFORMATION For the year ended 30th September 2014, Advantage Travel Centres Limited reported a turnover of £12.53m and a pre-tax profit of £643,704.
RATEABLE VALUE Billing Authority Gosport Borough. 104 High Street – Shop & Premises £7,700 COUNCIL TAX 102 High Street – Band A 106 High Street – Band A PRICE £400,000 for the freehold investment subject to contract and the existing tenancies. EPC Rating - E LEGAL COSTS Each party to bear their own legal costs incurred in the transaction. VIEWING Strictly by appointment through sole agents Hellier Langston.
