Retail premises for sale in High Street, Ringwood, Hampshire BH24

£395,000
Interested in this property? Call +44 1722 515471 * or Request Details

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Retail premises for sale

Property description

** re-available due to abortive sale **
Substantial retail unit with first and second floors offering residential conversion potential.
Approx 2,731 sq ft (253.76 sq m)

| Attractive market town
| Prominent High Street frontage
| Additional rear access and parking space
| no VAT

Location
The property is situated towards the eastern end of the High Street close to the junction with Christchurch Road/ Southampton Road. The town provides an interesting mix of local and national retailers, eateries and cafes. Nearby occupiers include Bet Fred, Santander, Pets Corner, Reeve The Baker, Clarks, Boots The Chemist and Superdrug. The popular Furlong Centre (with adjacent Pay & Display car park) is within a short walk and is home to a number of high quality national occupiers as well as a Waitrose Supermarket. Ringwood is an attractive market town lying on the river Avon on the western fringes of the New Forest. It has excellent communication links being situated just south of the A31 around 11 miles north of Bournemouth and some 20 miles to the southwest of Southampton. There is a street market every Wednesday.

Description
Most recently occupied by Barclays Bank, the premises occupy a prominent position with good frontage to the High Street. The ground floor provides a substantial open plan sales area together with rear ancillary rooms and the Bank’s former strong room. The first floor comprises an open plan office spanning the front part of the building while its rear areas provide ladies and gents cloakrooms as well as partitioned storage space. The second floor comprises kitchen, staff and storage areas. There is access to the rear service road from both the ground and first floors, the latter being via a walkway over a section of flat roof and an external staircase. A parking space is situated at the rear of the property.

Accommodation
Approx Net Internal Areas

Shop (internal frontage) 8.44 m / 27’8”
Shop depth 17.30 m / 56’9”
Sq M Sq Ft

Ground floor sales 103.95 1,119
Rear ancillary 32.61 351
Strong room 26.05 280
1st flr offices 57.51 619
1st flr storage 4.99 54
1st flr ladies/ gents - -
2nd flr kitchen/ staff 28.65 308
Total 253.76 2,731

Tenure
To Let: Available on a new full repairing and insuring lease for a term to be agreed at a rent of £35,000 per annum.
Or,
For Sale: Freehold at a price of £395,000.

We are advised that VAT will not be chargeable.

Business Rates
Rateable Value: £36,750
The current Small Business Rate Multiplier is 49.9 p in the £.

Services
We understand that mains electricity, gas, water and drainage are connected to the property.

Caution
Woolley & Wallis Commercial have not tested the services mentioned in these particulars.

Planning
Prospective tenants must satisfy themselves as to the permitted planning uses for the property.

Legal Costs
Each party to pay their own.

Code of Practice
You should be aware that the Code of Practice on commercial leases in England and Wales recommends that you seek professional advice from a qualified Surveyor, Solicitor or Licensed Conveyancer before agreeing or signing a business tenancy agreement. The code is available from professional institutions and trade associations or through the website .

References
Financial and accountancy references may be sought from any prospective tenant prior to agreement.

Energy Performance Certificate
EPC Rating: E (44)

Viewing
Strictly by appointment only through Woolley & Wallis. Commercial

Property info

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Woolley & Wallis Commercial, SP1 on +44 1722 515471 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Woolley & Wallis Commercial, and do not constitute property particulars. Please contact Woolley & Wallis Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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