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For Sale£700,000.00

47-49 Market Street

Leisure Property, Leisure Property, Licensed & Leisure
Property type: Leisure Property, Leisure Property, Licensed & Leisure
Tenure: For Sale Leasehold
Price: £700,000.00
Location: SOLD 47-49 Market Street, Eastleigh, Hampshire, SO50 5RF
The property comprises a well presented retail unit arranged principally over ground
floor with ancillary accommodation provided at first floor level.
The unit benefits from full height fenestration with signage up to first floor level, painted
rendered elevations beneath a pitched and hipped slate roof with a glazed awning
over the pavement to the front of the shop. There is a single storey flat roof element
to the rear of brick construction.
The unit benefits from rear access via Wells Road. The property is let on a 10 year lease to Hutchison 3G UK Ltd with 4.33 years
remaining at a current rent passing of £50,000 per annum.
There is a break clause in the lease for July 2017 which the tenant did not exercise.
There are no rent reviews outstanding. Freehold, subject to the occupational lease.
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