FREEHOLD INVESTMENT OPPORTUNITY - A chance to acquire the Freehold Investment of this attractive end of terrace high street listed building, offering a Ground Floor Lock Up Shop of approximately 270 sq ft, rented out on an Annual Licence from 7th August 2024 at a rent of £15,000 pa. An attractive courtyard access to the side leads round to a charming and well presented first and second floor apartment, together with secluded roof terrace. Currently let out on an Assured Shorthold Tenancy at £895 pcm. The total income of the shop and flat is £25,740 pa.
THE ACCOMMODATION COMPRISES:
(All measurements are approximate)
Shop
Having an attractive small paned display bow window, the shop being an irregular shape extending to approximately 270 sq ft with a maximum depth of 27ft and width of 11ft6 maximum.
Apartment
Kitchen 10’ x 9’10 maximum
Attractively fitted with wall mounted and floor standing cupboards and drawers with sold wood block work surfaces incorporating a one and quarter bowl single drainer sink with mixer tap, built-in oven with four ring gas hob above and extractor fan over, cupboard housing Alpha gas fired boiler, radiator, stripped wooden flooring, door leading from terrace opening to
Sitting Room 11’7 x 11’2
Overlooking the High Street, exposed beam work, radiator, walk-in storage cupboard.
Shower Room
Attractively fitted with tiled shower cubicle with folding screen, wc and wash hand basin, fully tiled walls, wood effect flooring, inset downlighters.
Second Floor
Bedroom 11’7 x 10’7
A charming attic room with views over the High Street to Walhampton and beyond and interesting roof tops towards the Isle of Wight to the rear, two radiators.
Outside
Roof Terrace
A well enclosed and private roof terrace laid to Astro turf with a gateway to access stairs.
Council Tax – Flat B
EPC Rating – N/A
Rateable Value for Shop - £11,500
Therefore Exempt from Business Rates
Before the tenancy starts (payable to Hayward Fox Lymington (the Agent))
Holding Deposit: One week’s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Deposit: 5 weeks rent
During the tenancy (payable to the Agent)
Unpaid Rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Keys or other security device: Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £ 15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Variation of Contract (Tenant’s Request): £ 50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant’s Request): £ 50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination (Tenant’s Request): Should the tenant wish to leave their contract early; they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
During the tenancy (payable to the provider) if permitted and applicable
Utilities: gas, electricity, water
Communications: telephone and broadband Installation of cable/satellite
Subscription to cable/satellite supplier
Television licence
Council Tax
Other permitted payments
Any other permitted payments, not included above, under the relevant legislation including contractual damages.
Tenant protection
Hayward Fox is a member of ARLA Propertymark CMP, which is a client money protection scheme, and also a member of The Property Ombudsman Scheme ( which is a redress scheme. You can find out more details on the agent’s website or by contacting the agent directly.
Rental payments
Rents are payable in advance by standing order with all payments being made 72 hours prior to your rent due date to allow for clearance.
Landlord Fees
Tenant Find: 60% of first months rent, minimum £ 594 (inc VAT)
