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The building is set over three floors, providing a ground floor self contained retail unit fronting Dragon Street, the remainder of the building having side access off Heath Road and offering ground floor reception, office, store on the ground floor, with stairs leading to the first floor which provides a reception seating area, a dance hall and further storage, with stairs leading to the second floor which provides 3 offices and a w.c.
With access via the ground floor reception stairs lead down to a large basement.
The ground floor shop is let on a term for 10 years from 17th July 2017, trading as a Turkish Barber. The lease is subject to a passing rent of £12,500 subject to a review on 17th July 2020 and 17th July 2025. The lease is drawn on effective full repairing insuring basis subject to a schedule of condition.
Rear offices and stores, this is let on the basis of a 10 year lease from 1st January 2016 at a passing rent of £15,000 per annum to Petersfield Youth Theatre. The lease allows for a rent review on 1st January 2021. The lease is drawn on effective internal repairing and insuring covenants, subject to a capped service charge for maintenance of the external elements of the building.
Current passing rent £27,500 per annum
Each party to be responsible for their own costs incurred in the transaction.
The property is situated fronting Dragon Street, with a visual position located at the end of the High Street. The town centre is in walking distance from the property as is Petersfield Town Hall, Town Hall Car Park.
The property is situated on its own plot either side of Heath Road. Petersfield Railway Station and the intersection with the A3 are both within a 3 minute drive.
The pricing is unfortunately not available for this property online. Please submit your details using the form below and the agent will contact you to discuss this further.