BH24 New House, Market Place, Ringwood

4 Properties with TOTAL CURRENT RENT PASSING £90,500 per annum exclusive.

Price - £1.25M (one million, two hundred and fifty thousand pounds) - subject to contract. A purchase at this level would reflect a net initial yield of 6.83% after allowing for purchaserrrs costs of 5.96%.

Prominent three storey mixed use building with rear outbuildings and car-park

Located in a thriving market Town

Affluent residential catchment

Freehold (flying freehold on part)

Future redevelopment potential - subject to planning permission

Currently let to 5 tenants

VAT not applicable

The premises occupy a prominent position on the corner of Market Place, West Street and Strides Lane in the heart of the Town Centre. The majority of the surrounding area is made up of High Street retail, offices and residential. The Furlong Shopping Centre and main Town Centre car-park are approximately 185 and 250m from the property respectively.

Ringwood is an attractive Hampshire market Town located on the edge of the New Forest. It is approximately 12 miles north of Bournemouth, 17 miles south of Salisbury and 22 miles east of Southampton. The Town benefits from excellent road communications being located on the A31, which provides a dual carriage link to Bournemouth and also the M27/ M3 motorway networks. Bournemouth Airport is approximately 7 miles to the south-west and Bournemouth, Southampton and Hinton Admiral train stations, which provide services to London Waterloo, are approximately 12, 22 and 9 miles from Ringwood.