Offers in region of
£230,000
(£368.92/sq. ft)
Retail premises for saleCove Road, Farnborough GU14
623 sq. ft
EPC Rating: D
About this property
Hairdresser and barber retail units
Prominent location in established retail area
Free parking within cove road parking bays
Situated on local bus routes
Hairdresser “beez kneez salon” is A long standing tenant
The sale comprises the freehold interest of 42/42A Cove Road which consists of a ground floor hair salon to the front and a separate rear barbershop, both let on commercial lease terms. The property also benefits from a ground rent income generated by the residential flat above.
Location
Cove Road is a busy vehicle route connecting Cove Village with Farnborough Town Centre, within the locality there is a mix of commercial premises (mainly retail), and residential flats/houses.
For sale The freehold interest is For Sale. Offers invited in the region of £230,000. We understand from our client that the property is not registered for VAT.
Accommodation (Taken from the valuation office website)
Front Shop 395 ft² 36.72 m²
Rear Shop 228 ft² 21.20 m²
Leases & ground rents
Ground Floor - Hairdresser held under lease until 29 April 2027 at £13,500 pax.
Ground Floor Rear - the lease is currently being renewed at a rent of £5,000 pax.
First Floor Residential Flat - held under 125 year lease from 01 January 2007 at a ground rent of £150 per annum ground rent. Total Rent Income of £18,650 pax.
Buildings insurance
To be confirmed.
Business rates A rateable value of £7,200 – Please note that the business rates are paid by the tenants in occupation.
Energy performance certificate (EPC)
c-52
Location
Cove Road is a busy vehicle route connecting Cove Village with Farnborough Town Centre, within the locality there is a mix of commercial premises (mainly retail), and residential flats/houses.
For sale The freehold interest is For Sale. Offers invited in the region of £230,000. We understand from our client that the property is not registered for VAT.
Accommodation (Taken from the valuation office website)
Front Shop 395 ft² 36.72 m²
Rear Shop 228 ft² 21.20 m²
Leases & ground rents
Ground Floor - Hairdresser held under lease until 29 April 2027 at £13,500 pax.
Ground Floor Rear - the lease is currently being renewed at a rent of £5,000 pax.
First Floor Residential Flat - held under 125 year lease from 01 January 2007 at a ground rent of £150 per annum ground rent. Total Rent Income of £18,650 pax.
Buildings insurance
To be confirmed.
Business rates A rateable value of £7,200 – Please note that the business rates are paid by the tenants in occupation.
Energy performance certificate (EPC)
c-52
Mortgage calculator
Monthly repayment
£1,150 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}