* Freehold
**Key Points**
* Prominent Roadside Building
* Secure Investment
* Ground Floor Let Until 2037
* Regular Rent Review Pattern
* Flat Recently Refurbished and Let
**Description**
Rare freehold available in a popular retail parade. The property is a mid
terrace two storey building with the ground floor being let to a take - away
food business and the first floor let as a one bedroom flat.
The ground floor take - away comprises a sales area / reception, rear
preparation room and kitchen area with access to the rear. The first floor
flat is accessed via a separate pedestrian access off the main pavement and
comprises one double bedroom, kitchen, lounge and bathroom comprising w. c. ,
wash hand basin, bath with electric shower. The flat has electric heating
throughout and has the benefit of use of the rear garden. The flat has
recently undergone a refurbishment throughout and has been re - let to a new
tenant.
**Location**
The premises are located on the southern side of Spur Road a short distance
from the Spur Road Roundabout which leads northbound along the A3 towards the
qa Hospital, Purbrook and Waterlooville to the north or south towards Cosham
and Portsmouth. The motorway network is a short distance to the south with
easy access along the south coast to Southampton in the west and the A3 (M) to
the east.
The subject building is situated between Ian Henrys Barbershop and U Name It
and opposite the pedestrian crossing.
**Terms**
The Freehold is available at price of £300, 000 subject to the following
leases;
Ground floor let to Abu Mohammed Abdul Wasi on a 20 year lease from 1st
February 2017 until 31st January 2037 at a passing rent of £10, 800 per annum.
The lease benefits from 3 yearly rent reviews.
The first floor flat is let on a AST from 20th February 2023 for a period of 6
months at £750 per calendar month, therefore £9, 000 per annum.
Total income from ground and first floor is £19, 800 pa.
**Rateable Value / Council Tax**
Ground Floor Shop - Rateable Value £3, 100
First Floor Flat - Council Tax Band A
**Other Matters**
EPC - Ground Floor Rating D / 81 First Floor Flat Rating E / 47
Legal Costs - Each party to bear their own legal costs incurred in the
transaction.
VAT - Unless stated otherwise all costs & prices are exclusive of VAT

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