Centrally Located Local Shopping Parade Investment with Residential Above
Summary
- 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
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Unit - 4 | 659 | 61.22 |
| Unit - 6 | 628 | 58.34 |
| Unit - 8-12 | 2,856 | 265.33 |
| 1st - Flat 2a | 576 | 53.51 |
| 1st - Flat 4a | 576 | 53.51 |
| 1st - Flat 6a | 662 | 61.50 |
| 1st - Flat 8a | 662 | 61.50 |
| 1st - Flat 10a | 662 | 61.50 |
| 1st - Flat 12a | 662 | 61.50 |
| Total | 7,943 | 737.91 |
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.
Get directions from Google Maps
Mainline Stations
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Chandlers Ford21 mins
-
Eastleigh51 mins
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Shawford58 mins
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Southampton Airport Parkway68 mins
Underground Station
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Reading704 mins
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Twyford771 mins
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Maidenhead887 mins
-
Taplow914 mins
Further Information
Price £1,750,000
Rates Payable On Application
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.
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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