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7-9 The Hundred

Shop for sale

£1,800,000 4,854 sq ft

FHP Property Consultants
View the performance or update the listing in CoStar
Contacts

Noel Roper - FHP Property Consultants

Mark Bradley - FHP Property Consultants

Full address
7-9 The Hundred, Romsey SO51 8GD – Romsey
Highlights
  • Let to well established retailer Mackays Stores Limited
  • Prime position in the centre of the town
  • Unbroken lease expiring 2031 with no breaks
  • Current rent – £95,000 per annum
  • Next review 2021 and 2026
  • Offers invited at £1,800,000 to show 4.97%
Property owner
Curtis Banks (Previously Suffolk Life).
Property type
Shop for sale
Asking price
£1,800,000
Available space range
There is 1 space available. This measures 4,854 sq ft.
Features
Energy Performance Rating - C
Brochure
Download the brochure

Sale details

Sale unit 3377127 Available

4,854 sq ft, £370.83 per sq ft

Unit Sale unit 3377127
Address 7-9 The Hundred, Romsey, Hampshire, SO51 8GD, GB
Size 4,854 sq ft
Price £1,800,000
Price per unit £370.83 per sq ft
Unit Sale unit 3377127
Address 7-9 The Hundred, Romsey, Hampshire, SO51 8GD, GB
Size 4,854 sq ft
Price £1,800,000
Price per unit £370.83 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 4.97%
Financial type Actual
Financial year 2018
Net operating income £89,460

Sale notes

  • The property comprises a substantial building with accommodation arranged over ground and first floors.
  • The property has a main frontage to the hundred and rear servicing from the communal car park.
  • There is also a second entrance for customers from the rear.
  • This property was redeveloped/refurbished approximately 12 years ago in 2004/2005 and at ground floor level provides clear uninterrupted sales space.
  • This property is in excellent condition.
  • Please note that the second floor accommodation is closed off.
  • The premises are held on a 25 year full repairing and insuring lease from 1 june 2006 expiring 31 may 2031 with rent reviews in june 2021 and 2026. the 2016 review has been agreed at £95,000 per annum.
  • Originally there was a break clause in the lease as at june 2021. this has been removed by a deed of variation.
  • Offers are invited at: £1,800,000..
  • This will show an initial yield of 4.97% net of purchasing costs at 5.85%.

Property description

The property comprises a substantial building with accommodation arranged over ground and first floors.

Building subtype
Storefront
Number of storeys
2
Rentable building area
4,854 sq ft
Year built
1950

Attachments

PDF #1 Marketing brochure/flyer Download
PDF #2 Marketing brochure/flyer Download

This shop for sale is located in Romsey.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to FHP Property Consultants. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact FHP Property Consultants for full details and further information.