Retail Property For Sale 15 Chapel Street, Petersfield, Hampshire, GU32 3DT

The property comprises a ground floor retail premises with a 2 bedroom flat over first and second floors.

There are 3 car parking spaces to the rear; 1 for the shop and 2 for the flat.

Terms
Freehold Investment of whole building for Sale at a price in the region of £360,000 subject to the shop being let to William Hill by way of a full repairing lease expiring until the 4th January 2029 at a passing rent of £18,500 per annum exclusive, and subject to a rent review due on the 5th January 2024. The flat is vacant.

Business Rates / Council Tax
Shop - Rateable Value £14,500 pa
Flat - Council Tax Band B

Other Costs
Legal Costs - Each party to be responsible for their own costs incurred in this transaction
VAT - Unless otherwise stated all costs and prices are exclusive of VAT.

Petersfield is an attractive and affluent market town in Hampshire situated 17 miles north of Portsmouth at the junction of the A3 Liphook -Petersfield bypass and the A272 Winchester Road and lies within the South Downs National Park.
Petersfield train station is within a short walking distance of the subject property.
The subject property occupies a secondary trading position, close to the junction with Lavant Street. Nearby occupiers include Brewers, Greggs, Pets Corner, Pizza Express and Waitrose.