Retail premises to let in 1 Bridge Street, Fordingbridge, Hampshire SP6

Description

For sale/to let - Prominent Corner Unit in Heart of Market Town

Fordingbridge is an attractive town located approximately 12 miles south of Salisbury and 7 miles north of Ringwood on the A338 and has a population of approximately 6000 (2011 Census).

The town plays host to a healthy mixture of local, regional and national retailers trading alongside a range of hospitality lead and professional services businesses.

Fordingbridge has undergone considerable expansion with several hundred new homes recently built in close proximity to the town.

This former bank premises is ideally situated on the corner of Bridge Street and Salisbury street easily seen from all directions. The front of the building offers access to the two separate sales areas, which could potentially be separated let as each has their own kitchenette and WC
facilities.

To the rear of the unit there is access to the communal bin store, a rear escape out onto Salisbury Street and also a separate rear office with kitchenette and WC which again could be let separately.

Accommodation

Unit 1 870 Sq. Ft. (80.86 Sq. M.)
Kitchenette

WC

Unit 2 222 Sq. Ft. (20.68 Sq. M.)
Kitchenette

WC

Office 221 Sq. Ft. (20.55 Sq. M.)
Kitchen
Shower Room
Total Internal Area 1,313 Sq. Ft. (122.09 Sq. M.)

Planning

Interested parties are advised to make their own enquiries of the Local Authority for confirmation.

EPC Text

Asset Rating - D (92)

Rating

Rateable Value - To Be Assessed
Source The 2024/2025 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.

Terms

The premises are available either For Sale or To Let as follows:

For sale

Guide Price - £235,000 for the freehold interest in the building with the benefit of vacant possession over the ground floor.

The upper floors are sold off on long leaseholds generating a ground rent of £50 per annum.

To let

The premises are available by way of a new full repairing and insuring lease for a term to be agreed at a rent of £20,000 exclusive of rates and all other outgoings.

We are informed that the building is not elected for VAT

All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.

Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.