LOCATION
The premises are located in Waterloo Court in a good secondary position, approached from Andover High Street along Shaws Walk which is between Hays Travel and Poundland.
DESCRIPTION
5 small lock-up shops with communal WC facilities just off Andover High Street producing £35,400 pax [VAT is currently not charged].
SERVICES
Mains electricity, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
| Shop 1 |
31.6 |
[340] |
| Shop 2 |
31.0 |
[334] |
| Shop 3 |
17.9 |
[193] |
| Shop 4 |
24.0 |
[258] |
| Shop 5 |
27.7 |
[298] |
| TOTAL |
132.2 |
[1,423]
|
ENERGY PERFORMANCE CERTIFICATE
| Shop 1 |
E116 |
| Shop 2 |
C65 |
| Shop 3 |
C72 |
| Shop 4 |
D97 |
| Shop 5 |
C63 |
RATING ASSESSMENTS
| Shop 1 |
£6,900 |
| Shop 2 |
£6,700 |
| Shop 3 |
£4,500 |
| Shop 4 |
£4,350 |
| Shop 5 |
£6,300 |
TENURE
Freehold.
LETTINGS
The shops are basically let on simple 6 month agreements with the occupier being able to determine the agreement on one month's notice and at monthly fees inclusive of buildings insurance but with the occupiers responsible for their own business rates and electricity.
Current total rent £35,400 pax.
PRICE
Offers invited in the region of £340,000 [VAT is not currently charged] which will show a purchaser a net initial yield of about 10% after deducting purchaser's costs at 1.75% and SDLT.
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 4245CGM
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