Property photos
Freehold
£395,000
(£554.78/sq. ft)
Property for sale
Church Street, Romsey, Hampshire SO51712 sq. ft
Available immediately
Local area information
Property location
Nearby amenities
- Romsey Abbey Church of England Primary School 0.1 miles
- The Romsey School 0.2 miles
- Romsey 0.3 miles
- Mottisfont & Dunbridge 3.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Romsey to find out more about the local area.
Features and description
- Freehold
- Town Centre Location
- Net Initial Yield of 8.02% excluding purchasers costs.
- Listed Building With Character Features
- Strong Retail Tenant Covenant
The property is a three storey listed building. The 712 sq ft shop has frontage to Church Street and is visible from Market Place. The shop provides a combination of sales and storage areas with staff facilities to the rear of the property.
The shop is let to Tidal Vapes Limited on a 7-year lease from April 2023, expiring April 2030, at a rent of £19,800 per annum. There is a tenant-only break option in April 2028. The lease is on effective full repairing and insuring terms. The rent is subject to an upwards-only review in April 2028. The lease is available to review upon request.
The tenant offers a very good covenant, with a Credit Safe Risk Score of 79 (placing it in the upper 25% of 22,420 comparable companies) and an International Score of 'A' (very low risk).
There are two 2 bedroom flats, one of which is let on an assured shorthold tenancy at an annual rent of £11,820 per annum. The other flat is sold off on a long lease. The owner pays a ground rent of £50 per annum.
Details of the current service charge and sinking fund arrangements are available upon request.
Please find the tenancy schedule overleaf.
The shop is let to Tidal Vapes Limited on a 7-year lease from April 2023, expiring April 2030, at a rent of £19,800 per annum. There is a tenant-only break option in April 2028. The lease is on effective full repairing and insuring terms. The rent is subject to an upwards-only review in April 2028. The lease is available to review upon request.
The tenant offers a very good covenant, with a Credit Safe Risk Score of 79 (placing it in the upper 25% of 22,420 comparable companies) and an International Score of 'A' (very low risk).
There are two 2 bedroom flats, one of which is let on an assured shorthold tenancy at an annual rent of £11,820 per annum. The other flat is sold off on a long lease. The owner pays a ground rent of £50 per annum.
Details of the current service charge and sinking fund arrangements are available upon request.
Please find the tenancy schedule overleaf.
Floor plans and tours
Floor plans (1)
More information
Listed by
Keygrove Chartered Surveyors
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Property descriptions and related information displayed on this page are marketing materials provided by - Keygrove Chartered Surveyors. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Keygrove Chartered Surveyors for full details and further information.