For Sale
Fairfax House 20-22 London Road, Newbury
£1,000,000
20-22 London Road
RG14 1JX
290 Battle Road, St. Leonards-on-Sea
Available
Available
For Sale
Square foot size
5192
290 Battle Road, St. Leonards-on-Sea
£1,100,000
290 Battle Road, St. Leonards-on-Sea, TN37 7BA
- Let to The Southern Co-operative Limited
- 15 year FRI lease from July 2014 granted inside Landlord & Tennant Act 1954
- Current rent of £87,560 per annum exclusive.
- Price – £1,100,000 exclusive
- A purchase at this level represents a Net Initial Yield of 7.52% assuming purchasers costs of 5.85%
Convenience Store Investment
The property comprises a ground floor retail unit and unused upper parts within the redevelopment of a former public house, The Victoria Inn.
Internally, the ground floor provides an open plan convenience store and back of house area providing storage and office.
The first floor which is currently only accessible via a loft ladder is currently arranged as 8 rooms which include 2 bathrooms and a kitchen. The first floor accommodation is currently not used by the tenant and is in an un-refurbished condition.
Externally there are 11 car parking to the side of the property and a further disabled space and loading area to the front.
Bournemouth
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