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1 The Parade

For sale: £165,000.00|1698 Sq Ft|General Retail, Other, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£165,000.00
SIZE1698 Sq Ft
ADDRESS1 The Parade, Ashley Road, New Milton, BH25 5BS
TYPEGeneral Retail, Other, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON16th June 2020

DESCRIPTION

Key Points

  • Prominent corner retail position
  • Good secondary location
  • Freehold investment
  • Summary

    Retail Investment

    Description

    The property comprises a ground floor retail premises. Configured as a mostly open plan retail area, with rear store, kitchen and wc's. Rear access leads to a parking area and garage (currently used for storage). The upper floor provides two self contained flats which have been sold off on long leases.

    Location

    New Milton is a popular market town situated in the New Forest, equal distance between Lymington and Christchurch, approximately 6 miles away. The property occupies a prominent corner position on the corner of Ashley Road and Molynuex Road with a large glazed double shop.

    Terms

    The property is let on a 15 year term from January 2014 at a passing rent of £17,500 per annum. Thereafter the property has been sublet (sub lease terms available on application)

    Specifications

    - Suspended ceiling - LED Lighting - Garage - Loading bay

    Promo

    Recently reduced in price

    Business Rates

    Rateable Value: £14,000 You are advised to check the rates payable with the local council before making a commitment.

    Other Cost

    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. Unless stated, all prices and rents are quoted exclusive of VA

    LOCATION

    Location: 1 The Parade, Ashley Road, New Milton, BH25 5BS

    New Milton (0.9 miles)

    Sway (2.3 miles)

    Hinton Admiral (3.3 miles)

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