ADDRESSUnit 1, 38-44 London Road, Purbrook, Waterlooville, PO7 5LJ
TYPERetail - High Street, Restaurants/Cafes, Retail, Licensed & Leisure
TENUREFor Sale Freehold
POSTED ON2nd August 2019
Purbrook is situated on the A3 and is 1 mile (1.6km) south of Waterlooville. The property benefits from good communication links with Petersfield, 13 miles (20.8km) to the north and Portsmouth 4 miles (6.4km) to the south. The new build premises have a prominent frontage onto London Road. The units will be completed to a shell and core fit out and shop frontages will be installed. The units benefit from Class A1 (shops) A2 (financial & professional services), A3 (restaurants & cafe's) and B1A Use. Furthermore the units have the potential to be combined to create 1 larger premises. Externally each unit has one allocated parking space.
The units are currently under construction so an EPC is not available at this stage.
Rateable value: To be Assessed Source - voa.gov.uk The 2018/2019 standard multiplier is 0.493 (49.3 payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation.
Guide Price Unit 1 - £225,000 Unit 2 - £175,000
Long Leasehold interest, 990 year lease. Alternatively available to let on a new effective full repairing and insuring lease for a term to be agreed. Other Costs: A service charge is payable to cover costs such as maintenance and repair of common parts landscaping management fees. Additionally building insurance is also payable. Each party to be responsible for their own legal costs incurred in the transaction.