TOWN CENTRE INVESTMENT OPPORTUNITY FOR SALE (All occupier businesses unaffected)
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Overview
| ID: | #4909 |
|---|---|
| Price: | 0 £ |
| Type: | Investment |
| Contract: | Leasehold |
| Location: | Fleet |
TOWN CENTRE INVESTMENT OPPORTUNITY FOR SALE
(All occupier businesses unaffected)
Units 1-4, Victoria Mews, Fleet Road, Fleet, GU51 3PD
- Current Rental Income £80,200 per annum exclusive
- Pre-agreed uplift at 7 December 2024 to £85,200 per annum exclusive
- Modern Construction from 2003
- Frontage onto Fleet Road, rear vehicular servicing
- Within 1/2 mile of Fleet Railway Station, less than 3 miles to M3 junction 4a.
- Constant exposure to vehicular traffic
- Nearby occupiers include Sainsburys Supermarket
Tenancy Schedule
| TENANTS | LEASE START DATE | LEASE EXPIRY DATE | BREAK CLAUSE | CURRENT RENT PASSING PER ANNUM | NEXT REVIEW DATE | BASIS OF REVIEW | OTHER COMMENTS | |
| Unit 1 and Part Unit 2 | Countrywide Estate Agents | 1 May 2018 | 30 April 2028 | 30 April 2023 | £35,000 | 1 May 2023 | Upward only | Vat payable on rent. Recharge service charge. £200 head rent payable reviewed 25 yearly. Head rent review 24 March 2030 |
| Unit 3 and Part Unit 2 | Untold Gaming Ltd | 5 June 2020 | 4 June 2030 | 7 June 2025
6 months notice |
£45,000 | 8 June 2025 | Upward only RPI | Rising rent to £50,000 from 7 December 2024. The lease has recently been assigned following purchase of the business. There is a £15,000 rent deposit as well as personal Director guarantor. |
| Unit 4 | PR Hillier, PJ Edwards, JK Edwards, DA Hillier | 28 April 2006 | 29 June 2058 | n/a | £200 | 24 Mar 2030 | Formula RPI | Long leasehold sold. £200 head rent payable April reviewed 25 yearly. Next review 24 March 2030. Tenant pays rent 1 December and 1 June |
Note
The Occupier Business is not affected by the sale.
EPC
An Energy Performance Certificate is available on request. The EPC is B on a scale from A to G.
Terms
The property is held on a 155 year lease from 1 July 2003, under which the head rent payable is £800 per annum plus service charge. The head rent is reviewed every 25 years on an RPI basis. Price guide £975,000.
Viewing
Strictly by appointment with Glanfield Holmlund, Tel: 01420 544117, Mob: 07938556123, Email: glanfield.holmlund@talk21.com
Map
Map available on request
