Odiham
103 / 109 High Street, Odiham, Hampshire, RG29 1LA
attractive retail investment.
under offer
For Sale
- Investment
- 1,050 Sq Ft
- 230,000
Key Features
- Let to the business owners of Hadley Simmons hair salon. www.hadleysimmons.co.uk
- The tenants run a highly successful and popular contemporary salon.
- Each shop is let on a full repairing lease (inside the L&T Act 1954) expiring in June 2028. Combined current rental income of £21,500 p.a.x. Rent reviews September 2023 not implemented.
- Grade II listed building.
- Gross frontage of approx 6m to the High Street.
- The tenant may be interested in agreeing a new longer term lease.
Property Description
The investment offered for sale comprises two interconnecting ground floor retail units being No 103 and 109 High Street.
Both properties are Grade II listed ( dated C19th) and within the Odiham Conservation Area.
Full information on the leases and income of this investment opportunity are available from Hurst Warne.
Both properties are Grade II listed ( dated C19th) and within the Odiham Conservation Area.
Full information on the leases and income of this investment opportunity are available from Hurst Warne.
Viewings
Only by prior appointment with Hurst Warne.
Terms
The ground floor retail units will be offered for sale on a new single long leasehold interest for a term of 999 years at a peppercorn rental. The buyer will be responsible for internal repairs/maintenance of the ground floor and the external repairs/decoration of the shop frontages. In addition to pay a fair and reasonable proportion towards the cost of repair, maintenance of the building and the roof serving the property.
Accommodation
| Name/Floor | Sq Ft | Sq M | Availability |
|---|---|---|---|
| Building 103 High Street | 650 | 60.39 | Occupied |
| Building 109 High Street | 400 | 37.16 | Occupied |
| Total | 1,050 | 97.55 |
Location
Odiham is a large historic village close to the M3 motorway (J5 2miles) and is midway between Basingstoke and Fleet (10 miles away). The properties are located at the western end of the historic and attractive High Street. Ample public parking is available within the village.
Downloads
Additional Information
| Property Type | Investment |
| Tenure | For Sale |
| Size | 1,050 Sq Ft NIA |
| Price | Offers in the region of £230,000 Showing a NIY of c9.12% after costs. VAT is not applicable on the sale. |
| Energy Performance Rating | This property has been graded as B (46) |
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