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45 North Street, Emsworth, Hampshire, PO10

For sale: £115,000.00|491 Sq Ft|Retail - High Street, Other, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£115,000.00
SIZE491 Sq Ft
ADDRESS45 North Street, Emsworth, Hampshire, PO10
TYPERetail - High Street, Other, Retail, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON23rd October 2020

DESCRIPTION

Description

Ground Floor Shop Investment
NIA 45.63 sq m (491 sq ft)

Location

Emsworth is conveniently located along the A27 south coast trunk road, and lies approximately eight miles to the east of Portsmouth and 11 miles west of Chichester.

The property is situated in the centre of Emsworth, on the eastern side of North Street. North Street provides access to the north of the town, and is a busy location in terms of passing vehicular traffic. Nearby occupiers include Emsworth Cycles, Fine and Country and Nicolino's Italian.

Planning

Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.

VAT

We understand the property is not elected for VAT.

Accommodation

The building comprises of a ground floor self contained retail unit, and a seperate first floor flat. This will be sold off on a long lease hold interest.

The shop has an approximate NIA of 45.63 sq m (491 sq ft).

Business Rates / Council Tax Band

Rateable Value (2017): £7,000

Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (d.green@flude.com).

EPC

We understand the property has an EPC rating of C(73).

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The ground floor shop is let to Top Style on an effectively full repairing and insuring lease for a term of five years from July 2019, expiring July 2024. The passing rent is £9,000 pax years 1 and 2 and £10,000 pax years 3-5.

The flat above is to be sold off on a long leasehold.

We have been instructed to market the property and quote a price of £115,000 for the freehold interest of the ground floor shop, subject to contract.
( Agency Pilot Software Ref: 2043 )

LOCATION

Location: 45 North Street, Emsworth, Hampshire, PO10

Emsworth (0.1 miles)

Southbourne (1.3 miles)

Warblington (1.3 miles)

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