Primmer Olds B·A·S 61 Cromwell Road, Southampton, Hampshire SO15 2JE

Enquiries: Call us on 023 8022 2292

Call us on 023 8022 2292 | www.primmeroldsbas.co.uk

KEY FEATURES

Retail Investment9 HIGH STREET, HYTHE, SOUTHAMPTON, HAMPSHIRE, SO45 6AG

FOR SALE

● Prime Pedestrianised Pitch

● Excellent Covenant of Countrywide Estate Agents

● Suitable for SIPP (100% Commercial)

● Small Lot Size

VIEWING & FURTHER INFORMATION: CALL 023 8022 2292

Duane WalkerDirectordwalker@primmeroldsbas.co.uk

Lauren Udall Surveying Executiveludall@primmeroldsbas.co.uk

Hannah BennettAgency Surveyorhbennett@primmeroldsbas.co.uk

Property Misdescriptions Act 1991 – Services & Planning. We have not tested any of the service installations including heating and lighting. Prospective purchasers or tenants should satisfy themselves independently that appropriate connections exist and as to the state and condition of such items. Any plans included in these particulars are provided only to indicate the general location of the property. Prospective purchases or tenants should verify any stated planning use in these particulars with Local Planning Authority and should satisfy themselves that their proposed use is compatible with planning requirements. Misrepresentation Act 1967 – Whilst all the information in these particulars is believed to be correct neither the agents nor their clients guarantee its accuracy nor is it intended to form part of any contract. All areas quoted are approximate. No representative of Primmer Olds B.A.S has any authority to make or give any representation or warranty whatsoever in relation to this property. Finance Act 1989 – Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T.). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of V.A.T. in respect of any transaction.

DESCRIPTION

Hythe is the main commercial centre of the waterside parishes,

located on the edge of Southampton Water in the New Forest.

The property comprises No 9 High Street (note Countrywide trading

as Morris Dibben also occupy adjacent property) being the right

hand side of the terace property.

Arranged as estate agents office and offices and upper level.

ACCOMMODATION

Unit Sq Ft Sq M

Sales ITZA 342 31.77

First floor Office 346 32.14

First floor Kitchen 28 0.18

RATES

The property has a Rateable Value of £20,750 (note this applies to 7

& 9 High Street)

EPC

TBC

TENURE

Freehold

ANTI MONEY LAUNDERING REGULATIONS

Please note all prospective purchasers will need to be verified for

‘Anti Money Laundering’ purposes prior to issuing memorandum of

agreed terms of sale.

TENNANCY

Five year lease from 2nd December 2016 reserving a rent of

£14,350 per annum exclusive.

Tenant Countrywide Estate Agents

Full repairing and insuring terms.

9 HIGH STREET, HYTHE, SOUTHAMPTON

TENANCY

The property has been electect for VAT and it is the intention to treat

the sale as a transfer of a going concern (TOGC)

PROPOSAL

Offers invited in the region of £230,000 Subject to Contract for the

freehold interest subject to and with the benefit of the subsisting

tenancy. A purchase at this level will show a net intial yield of 6.1%

after allowance for buyers costs at 2.2%.