LOCATION
Situated along the northern edges of Southampton, this property benefits from forming a busy row of retail units close to The Ageas Bowl Cricket Stadium.
Situated close to the M27 motorway towards Southsea.
DESCRIPTION
The unit is currently occupied by a Chinese-Takeaway which benefits from being close to various retail and leisure units including nearby public houses and supermarket.
Currently held on a long-leasehold tenure covered by the '54 Act giving the tenant the right to renew their current lease on the same terms.
15-year lease beginning in 2017 - having nine years remaining.
The tenant is paying £13,720pa with three-yearly rent reviews under the current lease.
ACCOMMODATION
See attached plans.
Ground-floor retail area measures 54.8sqm with first-floor storage measuring 29.7sqm.
Ground-floor retail unit with storage above.
TERMS
Freehold investment with a Leasehold Tenant.
OUTGOINGS
Current rateable value being £6,400 with the tenant paying half of this.
VAT
Not Applicable.
LEGAL COSTS
Each party bares their own costs.
VIEWING
By appointment with Kings Estates as the sole vendor.
