The property is a Freehold Grade II listed building, two storeys which have been split into an office on the ground floor and a one bedroom self-contained flat on the first floor which is rented on a Assured Shorthold Tenancy. The flat has recently been modernised. There is access to the front and rear.
The ground floor premises is accessed from the High street or from an alternative side entrance on Southampton Road.
Investment Opportunity:
Purchase price - £399,000
Rental income: £28,500 p/a
Yield: 7.14%
Tenancies:
Ground floor tenancy - Lets Accommodate Hampshire Limited Trading as BrightWater.
Term- 5 years but can be negotiated
Commencement date of the lease- 2024
Rent £18,000 p/a NO VAT
EPC Rating B
A1, A2 Usage
First floor tenancy:
Rent - £10,500 p/a
Tenancy length 12 months expires 29/10/25
Council tax band A
EPC Rating E
Total Approx 1487 sq ft
All mains services are connected.
There is a small secluded courtyard at the rear with two secure brick outbuildings.
Ringwood is a vibrant market town located in Hampshire in the New Forest. It provides convenient transport links to Bournemouth, Southampton and Salisbury.
The property is a Grade II listed building and it is located within a conservation area. The local authority is New Forest District Council.
Viewings can be made by appointment with BrightWater.
For further details on this property please call us on: 01425 478719
