Investment New Milton - 6/6A Station Road

Overview

Reference: 6366/SGC
Term: For Sale
Type: Investment
Contract: For Sale
Location: New Milton
Area: -ft2
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Commercial investment for sale – New Milton

Location

These terraced premises occupy an established busy secondary retailing position at the northern end of Station Road between the junction with Whitefield Road and the Train Station.

There are a number of national and established local retailers within the immediate vicinity including Subway, Lloyds Pharmacy, Boots, Costa Coffee and Lloyds Bank is immediately opposite.

Accommodation and leases

6 Station Road  
Shop  
Internal Width

16’8” ave

Depth 60’ approx
Net floor area 1043 sq ft

Outside Two car parking spaces

Let to Done Brothers (trading as Betfred) by way of an assignment from Ladbrokes Betting and Gaming Ltd for a 10 year term from 1st July 2014, on effectively full repairing and insuring terms at a rent of £8,300 per annum exclusive.

Ground floor store

A self-contained two room store with cloakroom accessed from the rear of the building and providing a net floor area of 439 sq ft + cloakroom.

Currently let on an informal basis to Westlake Clark, Chartered Accountants at £1,000 per annum.

Agents Note:

We feel that this does have development potential for conversion to residential (S.T.P.P.)

6a Station Road

Maisonette

Accessed from Station Road and in good order throughout with gas central heating and UPVC double glazed windows.

First Floor

Kitchen/Diner  12’7” x 10’5”

With fitted worktops, cupboards over and under sink unit.  Worcester gas boiler door onto

Roof Terrace

Southwest facing, secluded and attractive outside area.

Bedroom 1  13’ 1 x 13’

Lounge  19’10” x 15’1 max

With feature fireplace

Second floor

Bathroom/wc with wash hand basin

Bedroom 2   12’5” x 9’8”

Bedroom 3  20’ x 11’9”

This spacious accommodation has been let to Mrs M Munnik since 1st October 2001 on an Assured Shorthold Tenancy (holding over) at a current rent of £575 per calendar month.

Agents Note: we feel that there is scope for a considerable increase to market rent.

Price

Offers invited over £300,000 for the whole property.

Map


Property Misdescription Act and Misrepresentation Act: These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. Nettleship Sawyer cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and the prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. No employee of Nettleship Sawyer has any authority to make or give any representations or warranty or enter into any contract whatever in relation to the property. Rents or prices quoted in these particulars may in addition be subject to VAT. Nettleship Sawyer will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.