Totton shop investments on Realla. By searching for all retail space for sale in Totton on Realla you have access to a range of retail premises available to buy now in Totton. Search for Totton shops for sale today and contact local Totton retail selling agents.
The property is of traditional block work construction arranged over two floors. The ground floor comprises of a banking hall, interview rooms, back office functions, female/ male toilets and a strong room. The second floor comprises of offices, interview rooms, a kitchenette/ staff room and stores. The rear yard provides 2 car parking spaces which are accessible via Beaumont Road. Tenure The property is held on an existing fully repairing and insuring lease for a term of 99 years expiring 24th December 2033. An annual rent of £116 is payable quarterly. Terms The property is available by way of assignment. Quoting premium, offers in the region of £30,500 exclusive. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £15,250.00 and the rates payable are £7,579.25 pa. The UBR for 2017/2018 is 49.70p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
Totton is situated outside the eastern edge of the New Forest and on the River Test, approximately 4.5 miles to the city of Southampton. The town is within the New Forest non-metropolitan district. Surrounding towns and villages include Ashurst, Marchwood, Cadnam and Ower. The property fronts Eling Lane, situated just off Rumbridge Street which offers a range of independent and national retailers and also home to a number of local businesses. The property comprises two ground floor retail units with traditional shop frontage and four residential apartments, 2 x 2 bedroom at first floor level and 2 x studios at ground floor rear. The property is fully occupied and produces a residential income of £26,760 and a commercial income of £10,500 per annum. The combined annual income reflects £37,260.
Realla offers the most powerful commercial property search in the UK. The retail property segment is the second largest commercial property for sale category after commercial land for sale. Retail units for sale constitute 23% of the whole market. There are over 2,700 retail units for sale spanning across the entire country with a total stock square footage of over 146 million sq ft. Realla attacks hundreds of thousands of retail tenants every month to find a perfect space for their retail brands.