29 Chapel Street Petersfield, GU32
£225,000
Commercial Property For Sale
FREEHOLD INVESTMENT
LOCATION
Petersfield is a popular market town situated just off the A3. There is a large car park to the rear of the property and rear access from a service road,
DESCRIPTION
A part 2 storey part 3 storey building with a shop at ground floor and flat above.
ACCOMMODATION
The approximate net internal floor areas are as follows:-
| SHOP | |
| Shop | 423 sq ft |
| Office/Workshop | 133 sq ft |
| Total | 556 sq ft |
| FLAT | |
| 4 rooms, kitchen/diner, bathroom/WC and utility room | |
LEASES
The shop is let to Steven White T/A The Petersfield Cobbler on a full repairing and insuring lease for 10 years from 01.05.2021. There is an upwards only rent review on 01.05.2026 and a tenant only break of 30.04.2026.
Rent £16,000 pax
The tenant has occupied the property as a shoe repairer for over 20 years.
The flat is sold off on a lease expiring 24.12.2136 at a rent of £100 pa to 24.12.2057, £200 pa to 24.12.2093 rising to £300 pa until expiry.
GUIDE PRICE
£225,000 (NO VAT)
LEGAL COSTS
Each party to bear their own legal costs.
EPC
An Energy Performance Certificate (EPC) of the shop is available upon request.
VIEWING
Strictly by appointment through VDBM on 01923 845222.
Tenure: Freehold
EPC
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