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For Sale£260,000.00

INVESTMENT OPPORTUNITY FORDINGBRIDGE

Retail, Office, General Retail, Retail - High Street, Offices , 1488 Sq Ft
Property type: Retail, Office, General Retail, Retail - High Street, Offices
Tenure: Investment Opportunity, For Sale Freehold
Size: 1488 Sq Ft
Price: £260,000.00
Location: 8 Salisbury Street, SP6 1AF
LOCATION & DESCRIPTION
Fordingbridge is an attractive market town located on the edge of the New Forest about 5 miles north of
Ringwood and 10 miles south of Salisbury. This property is located in what is generally considered to be
the prime retailing position in the centre of the town close to the junction of Bridge Street and High St,
and access to the public carpark is opposite the property, which is trading as a Fox & Sons Estate
Agents
The property comprises a ground floor A2 office/A1 retail unit being part of a larger block laid out over
three floors with self-contained flats on the upper floors that have been sold off to private owners. The
premises were built in 2000 and the ground floor is accessed directly from Salisbury Street and benefits
from a wide frontage.
Internally the shop has been given a modern feel with a suspended ceiling, inset strip lighting and
ceiling mounted air conditioning units.
ACCOMMODATION
Ground floor retail/office unit
Total Net Area 1488 sq ft
TERMS
The premises are let to Sequence (UK) Ltd, on assignment from Royal & Sun Alliance Insurance plc on
a 25 year FRI lease from 15th December 2000, with 5 yearly upward only rent reviews, at a passing rent
of £17,000 pa exclusive. There is a tenant only break clause in 2020 subject to 12 months prior written
notice.
The five flats above have been sold on 125 year leases from 1st January 2000 with a fixed ground rent
of £50 pa per flat
Total income therefore £17,250 pa. VAT is applicable
PRICE
The freehold is for sale subject to the subsisting leases at a price of £260,000 plus VAT representing a
net initial yield of 6.45%
EPC: Under preparation
VIEWING
All viewings and further information through the sole agents -
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