Two shop units within a popular neighbourhood retail parade with residential accommodation above which have been sold on long leases
• Seeking a price of £150,000 per unit subject to contract which reflects a NIY of 7.85% for Unit 1 and 7.50% for Unit 3/3a after allowing for 1.80% purchasers costs.
• We understand the buildings are not elected for VAT
• Current passing rent of £12,000 pa for Unit 1 and £11,500 pa for Unit 3/3a.
shop, retail unit
is located in Basingstoke.
COMMERCIAL PROPERTY CONSULTANTS & CHARTERED SURVEYORS
The Courtyard, 15 Winchester Road, Basingstoke, Hampshire, RG21 8UE
TEL +44 (0)1256 462222
FAX +44 (0)1256 840146
Basingstoke Camberley Southampton Winchester www.londonclancy.com
Units 1 & 3/3a Elmwood Parade
Basingstoke is a wealthy and thriving commercial
centre located in North Hampshire. The Borough
population is approximately 175,000. Basingstoke is
strategically located on the M3 motorway served by
Junctions 6 & 7 and has a highly efficient ring road
system around the town.
• Located on the outskirts of Basingstoke, a principal
commercial centre in North Hampshire.
• Body Bronze have been in occupation since 2003.
• The Hermit Barbershop have been in occupation
• Current passing rent of £12,000 pa for Unit 1 and
£11,500 pa for Unit 3/3a.
The town benefits from The Malls Shopping Centre
(upgraded in 2014) and the principal shopping centre,
Festival Place, which has been refurbished recently.
Basingstoke railway station is in the town centre
providing regular rail services to London (Waterloo)
with a journey time of approximately 47 minutes.
Unit 1 – C75
Unit 3 – E114
The premises are located in the busy Elmwood
approximately 2.5 miles north west of the town centre.
The property comprises two shop units within a
popular neighbourhood retail parade with residential
accommodation above, which have been sold on long
Occupiers within the Elmwood Parade include McColls,
Annie’s Charity Shop, Titcombe & Family Funeral
Directors, Simms & Chips Computer Services and
Oriental Medic & Herb.
Energy Performance Rating Assessment
Unit 1 is held on a 999-year lease from 25th December
1985 and Unit 3 999 years from 28th December 1985.
Both leases are subject to a peppercorn ground rent, if
The flats above the shops are subject to 125 and 99year leases from 29th September 2001 respectively
with a ground rent of £100 per annum per flat.
Our client is seeking a price of £150,000 per unit
subject to contract, which reflects a NIY of 7.85% for
Unit 1 and 7.50% for Unit 3/3a after allowing for
1.80% purchasers costs.
Shop built depth
Total floor area NIA
934 sq ft
700 sq ft
[86.74 sq m]
Shop built depth
Total floor area NIA
931 sq ft
698 sq ft
86.47 sq m]
We understand the buildings are not elected for VAT
and therefore VAT will not be charged in addition to the
Strictly by appointment through the sole marketing
Let to Body Bronze (Basingstoke) Ltd at a rent of
£12,000 pa on effective fully repairing and insuring
terms for a term of 10 years from 25th April, 2014
expiring 24th April, 2024.
Let to Claire Stones T/a The Hermit Barbershop at a
rent of £11,500 pa on effective fully repairing and
insuring terms for a term of 10 years from 21st March,
2013 expiring 20th March, 2023.
Misrepresentation Act 1967 – London Clancy for themselves and for the vendors/lessors of this property whose agents they are,
give notice that:
a) These particulars are set out as a general outline only for the guidance of intending purchasers/lessees and do not constitute
part of an offer or contract.
b) All descriptions, dimensions, references to condition and necessary permissions for use and other details are given in good faith
and are believed to be correct, but any intending purchaser or lessee should not rely on them as statements or representations of
fact but satisfy themselves by inspection or otherwise as to the correctness of teach of tem.
c) We have not tested any of the service installations and any purchaser/lessee must satisfy themselves independently as to the
state and condition of such items. d) No person in the employment of London Clancy has any authority to make or give any
representations or warranties whatsoever in relation to this property. Finance Act 1989 – Unless otherwise stated, all prices and
rents are quoted exclusive of Value Added Tax. Any intending purchaser or lessee must satisfy themselves independently as to the
incidence of VAT in respect of any transaction
Under Money Laundering Regulations, we are obliged to verify the identity of a proposed tenant or purchaser prior to instructing
solicitors. This is to help combat fraud and money laundering and the requirements are contained in statute. A form will be sent to
the proposed tenant/purchaser once terms have been agreed.
Once a letting has been agreed, the landlord will need to approve the proposed tenant’s references as part of the letting process.
London Clancy will therefore make a non-refundable reference charge of £50 (including VAT) to be paid by cheque. This does not
form part of a contract or constitute a deposit in respect of any transaction. Appropriate references will be required from a bank,
solicitor, accountant and two trade referees providing credit facilities. The taking up of references by London Clancy does not
guarantee acceptance by the landlord. APR18 B/1771/A
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