Carr and Neave

Commercial Estate Agents in Ringwood

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FREEHOLD RETAIL & RESIDENTIAL INVESTMENT

41& 41A CHRISTCHURCH ROAD, RINGWOOD. BH24 1DG

Location

SOLD

CURRENTLY PRODUCING £23,850 PER ANNUM WITH GROWTH PROTENTIAL

A freehold investment opportunity occupying a highly visible on location on the southern edge of the main Ringwood shopping area and fronting the busy Christchurch Road.  There is an excellent selection of nearby private commercial occupiers including several restaurants.

Accommodation

The property is arranged over three floors, the ground floor occupied entirely by the commercial unit whilst the flat has rear access with side gate and occupying the first and second floors.

The shop has been trading as a Bicycle repair and sales shop for a large number of years and terms have been agreed with the existing tenant for a new lease by way of reference for a similar term of 7 years and increased rent of £14,000 per annum exclusive, with rent reviews.
Parking

N/A

Lease Terms

N/A

Rates

Rateable Value £12,750
Rates Payable £6,362.25 for the year 2023/24
(We recommend that this is confirmed with the Local Rating Authority)

Price

£350,000

V.A.T. Not applicable

Viewing

By confirmed appointment only please through the Agents.

Energy Rating

ENERGY PERFORMANCE ASSET RATING: SHOP D FLAT ASSESSMENT: D

Map
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