£1,750,000
Retail premises for sale
Property photos
Just added
Freehold
£1,750,000
(£370.84/sq. ft)
Retail premises for sale
2-12 Ashdown Road, Chandler's Ford, Eastleigh SO534,719 sq. ft
Local area information
Property location
Nearby amenities
- Hiltingbury Junior School 0.1 miles
- Hiltingbury Infant School 0.1 miles
- Chandlers Ford 1.2 miles
- Eastleigh 2.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- 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
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.
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.
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
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.
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.
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
More information
Listed by
Holloway Iliffe and Mitchell
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