Investment For Sale, Romsey, Hampshire

Romsey is a busy and affluent Market town in South Hampshire, approximately 9 miles north west of Southampton and 4 miles from Junction 3 of the M27. The subject property is in the Town Centre close to a variety of shops, restaurants and Romsey Abbey. Local occupiers include Costa Coffee, Boots and Barclays Bank.

Romsey has its own railway station with frequent services to Southampton, Salisbury and Eastleigh. Southampton Airport is approximately 5 miles to the East.

This Mixed Use Investment Property Comprises A Three-storey Grade Ii Listed Building Generating A Total Income Of £32,270 Per Annum.

One Flat Is Let On An Assured Periodic Tenancy At An Annual Rent Of £12,420 Per Annum. The Other Flat Is Sold Off On A Long Lease. The Owner Pays A Ground Rent Of £50 Per Annum.

The 712 Sq Ft Shop Has Frontage To Church Street And Is Visible From Market Place. It Is Let To Tidal Vapes Limited On A 7-year Lease From April 2023, Expiring April 2030, At A Rent Of £19,800 Per Annum. Tidal Vapes Offers A Very Good Covenant, Operating From 34 Stores And Pursuing An Active Expansion Programme Through A Retained Acquisition Agent, With Seven New Store Openings In The Past 2 Years. Creditsafe Reports A Risk Score Of 79, Placing The Company Within The Upper 25% Of 22,420 Comparable Businesses, Together With An International Score Of 'a', Indicating Very Low Risk.

Approximately £6,000 Per Annum Is Recovered From The Tenants By Way Of Service Charge, Contributing Towards Communal Costs And Ongoing Property Maintenance / Repairs.

Please Find The Tenancy Schedule Overleaf.