£1,750,000
(£370.84/sq. ft)
Retail premises for sale2-12 Ashdown Road, Chandler's Ford, Eastleigh SO53
4,719 sq. ft
Just added
Freehold
About this property
Parade Anchored by New Reversionary Lease to Tesco Stores Ltd
100% Occupied
Self Contained
Customer Car Parking for Approx 23 Cars
Within Densely Populated Area
Description
The building is an effective end of terrace building consisting of a mix development with ground floor commercial retail units (x4) and first floor flats (x6) above. To the front of the building there is parking for the retail units with access at the rear for loading/unloading and pedestrian access to the flats. It is worth noting that Tesco Stores Ltd have taken a 15 year reversionary from 1st January 2028, giving a term certain of approximately 12 years.
Location
This site is situated towards the southern end of Ashdown Road between the junctions with Sycamore Avenue and Hiltonbury Road to the south. The site has relatively easy access to the M3 with Chandlers Ford town centre a short distance to the south. The area is predominantly a neighbourhood district with excellent connectivity to the M3 motorway leading northbound towards London and south towards Southampton and the M27 which leads west towards Bournemouth and east towards Portsmouth and Chichester.
Terms
The Freehold is available with the benefit of the site being let to multiple tenants at a price of £1,750,000. This represents a gross yield of 6.55% Please see tenancy schedule attached for further information on the tenancies.
Business Rates / Council Tax
Unit 2 - Rateable Value £6,000 pa
Unit 4 - Rateable Value £5,600 pa
Unit 6 - Rateable Value £5,800 pa
Unit 8-12 - Rateable Value £30,250 pa
Flats 2a - 12a - All fall within Band B for Council Tax
Source - Valuation Office Website - You are advised to make your own enquires in this regard.
Other Costs
Estate Service Charge & Insurance will be payable
Legal Costs - Each party to bear their own costs incurred in the transaction
VAT - Unless stated otherwise all costs and prices are exclusive of VAT
The building is an effective end of terrace building consisting of a mix development with ground floor commercial retail units (x4) and first floor flats (x6) above. To the front of the building there is parking for the retail units with access at the rear for loading/unloading and pedestrian access to the flats. It is worth noting that Tesco Stores Ltd have taken a 15 year reversionary from 1st January 2028, giving a term certain of approximately 12 years.
Location
This site is situated towards the southern end of Ashdown Road between the junctions with Sycamore Avenue and Hiltonbury Road to the south. The site has relatively easy access to the M3 with Chandlers Ford town centre a short distance to the south. The area is predominantly a neighbourhood district with excellent connectivity to the M3 motorway leading northbound towards London and south towards Southampton and the M27 which leads west towards Bournemouth and east towards Portsmouth and Chichester.
Terms
The Freehold is available with the benefit of the site being let to multiple tenants at a price of £1,750,000. This represents a gross yield of 6.55% Please see tenancy schedule attached for further information on the tenancies.
Business Rates / Council Tax
Unit 2 - Rateable Value £6,000 pa
Unit 4 - Rateable Value £5,600 pa
Unit 6 - Rateable Value £5,800 pa
Unit 8-12 - Rateable Value £30,250 pa
Flats 2a - 12a - All fall within Band B for Council Tax
Source - Valuation Office Website - You are advised to make your own enquires in this regard.
Other Costs
Estate Service Charge & Insurance will be payable
Legal Costs - Each party to bear their own costs incurred in the transaction
VAT - Unless stated otherwise all costs and prices are exclusive of VAT
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Monthly repayment
£8,754 per month
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