218 Fleet Road

Fleet, Hants, GU51 4BQ

732 sq ft
For Sale
Investment Property

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Investment of subway unit and 3 bed flat

Property Type Investment Property
Tenure For Sale
Size 732 sq ft
Freehold Price Offers in region of £375,000 including the flat.
Business Rates £7,560 per annum (based on rateable value of £15,750). Purchasers should make their own enquiries regarding the Council Tax banding of the residential flat.
Energy Performance Rating Upon enquiry

Key Features

  • Ground floor let to Subway
  • Lease to Subway to Oct 2031 with break Oct 2021
  • Retail income £16,000 pax
  • Separate 3 bed maisonette let on AST - income £10,740 pa
  • Garage at rear
  • Offers in the region of £375,000 STC

Location

The premises are situated in a prominent town centre retail position, with excellent frontage to Fleet Road.

Fleet is situated in Hampshire, 35 miles South West of London. Fleet railway station offers a direct service to London (Waterloo). The town is located close to Junction 4a of the M3 motorway, being approximately 3 miles distant.

The town has a resident population of some 30,000 with the Hart District having a population in the region of 83,500.

The Gurkha Square public car park is close by, which benefits Fleet retail trade with its Saturday markets. Victoria Road public car park is within 100 yards.

In addition, the Hart Shopping Centre is a short walk away, with a number of major national retail chains such as M & Co, Robert Dyas and Waitrose attracting shoppers to the area.

Description

The building consists of a ground floor retail unit, and a three bedroom residential unit to the upper parts. The ground floor retail unit is self-contained with a toilet/washroom facility at the rear of the unit. There is also rear servicing and a garage. The residential unit is located across first and second floors, and benefits from its own entrance. There are three bedrooms, a bathroom, kitchen and living room.

Tenancy Information

The building is subject to the following tenancies:

  Tenant

 Lease Expiry

Next Break Next Review

Size

Passing Rent p.a. Passing Rent p.s.f.
Ground floor retail Subway Realty Ltd 8/10/31 9/10/21 9/10/21 732 £16,000 £21.86
First floor residential Stephen David Brown 28.7.18       £10,740 N/A
Total           £26,740  

Viewing

Strictly by appointment via sole selling agents Hurst Warne - 01252 816061

Best offers required by Midday on Tuesday 16th April 2019