2-6 Bridge Street, Fordingbridge, SP6 1AH

£240,000 for the leasehold / £20,300 per annum

Overview

Description

Location

Description

For Sale/To Let - Characterful 'Class E' Commercial Premises

Fordingbridge is an attractive town located approximately 12 miles south of Salisbury and 7 miles north of Ringwood on the A338 and has a population of approximately 6200.

The town plays host to a healthy mixture of local, regional and national retailers trading alongside a range of hospitality lead and professional services businesses.

Fordingbridge has undergone considerable expansion with several hundred new homes recently built in close proximity to the town.

The subject premises are currently arranged as a single unit with substantial frontages leading up to the Bridge Street roundabout, highly visible from all directions of traffic. The unit is available as a whole or as two individual units, with the benefit of vacant possession.

The sales areas benefit from parquet style wood flooring, suspended ceiling with LED panels, rear access and both units have their own WC/utilities.

Accommodation

2 Bridge Street
Sales Area 594 Sq. Ft (55.16 Sq.M.)
Office 109 Sq. Ft. (10.17 Sq.M.)
Disabled WC
Net Internal Area 703 Sq. Ft. (65.33 Sq. M.)

4-6 Bridge Street
Sales Area 1,268 Sq. Ft. (117.84 Sq.M.)
Rear Store 113 Sq, Ft (10.52 Sq. M.)
Kitchenette & WC
Net Internal Area 1,381.15 Sq. Ft (128.36 Sq. M.)

2-6 Bridge Street
Total Net Internal Area 2,084 Sq, Ft. (193.69 Sq. M.)

Planning

Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, café, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.

EPC Text

Asset Rating -
2 Bridge Street - TBC
4-6 Bridge Street - B (50)

Rating

Rateable Value - 2 Bridge Street £8,300
4-6 Bridge Street £13,250

Source www.voa.org.uk The 2024/2025 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.

Code Of Leasing

FOR SALE
2 Bridge Street
Offers invited in the region of £90,000 for a 999 year long leasehold
4-6 Bridge Street
Offers invited in the region of £155,000 for the freehold or long leasehold.
2-6 Bridge Street
Offers invited in the region of £240,000
Freehold, to include £750 ground rent income from long leasehold upper floor flats.

TO LET
2 Bridge Street
Available on a new lease at a commencing rent of £7,800 per annum, exclusive.
4-6 Bridge Street - NOW UNDER OFFER
Available on a new lease at a commencing rent of £12,500 per annum, exclusive.
2-6 Bridge Street
Available on a new lease at a commencing rent of £20,300 per annum, exclusive.

It is understood that the property is not elected for VAT.

All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.

Money Laundering

Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.