Property Details

Romsey is a busy and affluent Market town in South Hampshire, approximately 9 miles north west of Southampton and 4 miles from Junction 3 of the M27. The subject property is in the Town Centre close to a variety of shops, restaurants and Romsey Abbey. Local occupiers include Costa Coffee, Boots and Barclays Bank. Romsey has its own railway station with frequent services to Southampton, Salisbury and Eastleigh. Southampton Airport is approximately 5 miles to the East.

The Property Is A Three Storey Listed Building. The 712 Sq Ft Shop Has Frontage To Church Street And Is Visible From Market Place. The Shop Provides A Combination Of Sales And Storage Areas With Staff Facilities To The Rear Of The Property. The Shop Is Let To Tidal Vapes Limited On A 7-year Lease From April 2023, Expiring April 2030, At A Rent Of £19,800 Per Annum. There Is A Tenant-only Break Option In April 2028. The Lease Is On Effective Full Repairing And Insuring Terms. The Rent Is Subject To An Upwards-only Review In April 2028. The Lease Is Available To Review Upon Request. The Tenant Offers A Very Good Covenant, With A Credit Safe Risk Score Of 79 (placing It In The Upper 25% Of 22,420 Comparable Companies) And An International Score Of 'a' (very Low Risk). There Are Two 2 Bedroom Flats, One Of Which Is Let On An Assured Shorthold Tenancy At An Annual Rent Of £11,820 Per Annum. The Other Flat Is Sold Off On A Long Lease. The Owner Pays A Ground Rent Of £50 Per Annum. The Tenant's Total Combined Service Charge Contribution Is Currently £8,866 Per Annum. Details Of The Service Charge And Sinking Fund Are Available Upon Request. Please Find The Tenancy Schedule Overleaf.