Property Description
The building is an effective end of terrace building consisting of a mix development with ground floor commercial retail units (x4) and first floor flats (x6) above. To the front of the building there is parking for the retail units with access at the rear for loading/unloading and pedestrian access to the flats. It is worth noting that Tesco Stores Ltd have taken a 15 year reversionary from 1st January 2028, giving a term certain of approximately 12 years. Awaiting EPC.
Measurements
Parade Anchored by New Reversionary 2-12 Ashdown Road Chandlers Ford - Tesco Stores Ltd| Measurement | imperial | metric |
|---|
| Ground Floor | 4,714 sq.ft | 438 sq.m |
| Total Floor Area | 4,715 sq.ft | 438 sq.m |
Agent's Disclaimer
For the Lessors or Vendors of this instruction, whose Agents they are,
give notice that; These particulars are set out as general guidance only
to intending Purchasers or Lessees, and do not constitute any part of an
offer or contract. Details are given without any responsibility and any
intending Lessees, Purchasers or Third Parties should not rely on them
as statements or representations of fact, but must satisfy themselves by
inspection or otherwise as to the correctness of each of them. No person
in the employment of Holloway Iliffe & Mitchell has any authority to make
any representation or warranty whatsoever in relation to this property.
Sale Terms
Offers are sought in excess of £1,750,000 subject to contract and exclusive of VAT.
Tenant, lease and rent summary
2-12 Ashdown Road Chandlers Ford SO53 5RD
| Retail Unit | Tenant | Rental Income | Lease Dates |
|---|
| Parade Anchored by New Reversionary |
Tesco Stores Ltd |
£114,680 |
0 -start
0 -expiry
0 -break |
| Total Rent |
|
£114,680 |
|
Covenant Information:
Tesco Stores LtdThe Freehold is available with the benefit of the site being let to multiple tenants at a price of £1,750,000. This represents a gross yield of 6.55% Please see tenancy schedule attached for further information on the tenancies.
Agent's Disclaimer
For the Lessors or Vendors of this instruction, whose Agents they are,
give notice that; These particulars are set out as general guidance only
to intending Purchasers or Lessees, and do not constitute any part of an
offer or contract. Details are given without any responsibility and any
intending Lessees, Purchasers or Third Parties should not rely on them
as statements or representations of fact, but must satisfy themselves by
inspection or otherwise as to the correctness of each of them. No person
in the employment of Holloway Iliffe & Mitchell has any authority to make
any representation or warranty whatsoever in relation to this property.
There are no plans available to view for this property. Contact the agent for further information
Property Location
This site is situated towards the southern end of Ashdown Road between the junctions with Sycamore Avenue and Hiltonbury Road to the south. The site has relatively easy access to the M3 with Chandlers Ford town centre a short distance to the south. The area is predominantly a neighbourhood district with excellent connectivity to the M3 motorway leading northbound towards London and south towards Southampton and the M27 which leads west towards Bournemouth and east towards Portsmouth and Chichester.
Map
