Price £540,000 exclusive

Rates Payable Upon Enquiry

Service Charge n/a

Estate Charge n/a

EPC Rating This property has been graded as B (45)

Description

The premises comprise a detached two storey premises of brick construction with a pitched tiled roof and a flat roof over the single storey section. The ground floor comprises a convienience store with sales at the front and back of house to the rear, with additional back of house on the first floor accessed via stairs and goods lift.

There is a 2 bed flat which is accessed via an external staircase on the first floor.

Externally, there is a car park providing 8 car parking spaces and loading.

Viewings

Through sole agents via appointment.

Terms

We are instrcuted to seek £540,000 exclusive, which reflects a net initial yield of 7.06%, assuming normal purchasers costs of 4.86%.

Tenure

Freehold - Title no: HP645453

AML

In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/ proof identifying the source of funds being relied upon to complete the transaction.

VAT

The property has been elected for VAT purposes and the sale is intended to
be treated as a Transfer of a Going Concern (TOGC).

Legal Costs

Each party to be responsible for their own legal costs incurred in the transaction.

Tenancy

The property is let to Henley Retail FH Limited (t/a One Stop) on a 10 year FRI lease, subject to a photographic schedule, from 30th January 2026.

There is a CPI index linked rent review in year 5, collared and capped at 1% and 4% respectively.

The premises is let on an overriding lease including the flat.