Office for sale

First Floor, The Crown House, 2 Southampton Road, Ringwood, Hampshire BH24

The first floor of this town centre building is held under the terms of a long lease and is currently arranged as offices, with eight of the ten units let and producing a healthy income. The current lease arrangements allow for a service charge to be collected on top of the existing rents, with the parking on site also let separately.

Accommodation
Arranged as individual office suites with communal facilities, including toilets, kitchenette and comms room.

Suite B
Let under the terms of a commercial licence at a current rental of £960 per calendar month.

Office 1
Let under the terms of a commercial licence at a current rental of £380 per calendar month.

Office 2
Let under the terms of a commercial licence at a current rental of £300 per calendar month.

Office 3
Currently vacant, previously let under the terms of a commercial licence at a current rental of £230 per calendar month.

Office 4
Let under the terms of a commercial licence at a current rental of £230 per calendar month.

Office 5
Let under the terms of a commercial licence at a current rental of £300 per calendar month.

Office 6
Let under the terms of a commercial licence at a current rental of £230 per calendar month.

Office 7
Let under the terms of a commercial licence at a current rental of £350 per calendar month.

Office 8
Let under the terms of a commercial licence at a current rental of £315.66 per calendar month.

Office 9
Currently vacant, previously let under the terms of a commercial licence at a current rental of £350 per calendar month.

Parking
Six parking spaces currently let for a combined total of £1,740 per annum.

Tenure
A mix of freehold and leasehold with the land and car parking held under a freehold title with the first floor of the building held under the terms of a 125-year lease from 10th September 2004. Further details, including a copy of the lease, will be available in the legal pack.
Commercial EPC: Tbc
Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to