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10 Great Well Drive, Romsey, SO51 7QP

For sale: £275,000.00|1579 Sq Ft|Offices

PROPERTY DETAILS

FOR SALE£275,000.00
SIZE1579 Sq Ft
ADDRESS10 Great Well Drive, Romsey, SO51 7QP
TYPEOffices
TENUREInvestment Opportunity, Under Offer, For Sale Freehold
POSTED ON26th February 2021

DESCRIPTION

The property comprises a detached single storey building of brick elevations with a concrete tile roof. The external area is landscaped and the building is served by its own car park, providing approximately 7 spaces.

Internally, the building is divided into a number of individual rooms serviced by a shared corridor with kitchen and cloakroom facilities. Part of the building is occupied by the Nightingale Pharmacy and two further offices are currently vacant, together with a leanto store.

The accommodation has suspended ceilings with recessed Category II lighting, fitted carpets and gas fired central heating.

TENANCY
The pharmacy accommodation is let to Rushport (Romsey) Ltd for a term of 12 years with effect from 14 August 2019 (expiry 13 August 2031). The passing rent is £12,000 per annum, subject to review on 14 August 2022, 2025 and 2028. The lessee has the right to break the lease on 14 August 2025, subject to 6 months prior notice. There is an upward only rent review with RPI, minimum 6% with a cap and collar of 12% and 6% over the review period. The break date is 19 August 2025. There is a service charge payable for the maintenance and upkeep of the building and common areas. Rushport (Romsey) Ltd now MD Romsey Ltd operate Nightingale Pharmacy and for the year ended 30 June 2019, reported net assets of £359,000.

LOCATION

Location: 10 Great Well Drive, Romsey, SO51 7QP

Romsey (0.3 miles)

Mottisfont & Dunbridge (4.1 miles)

Chandlers Ford (4.5 miles)

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