Ground Floor, 8 Milvil Court, Milvil... Retail property (high street) - £1,167 pcm (£269 pw)

The property consists of a ground floor lock up commercial premises, with sales frontage, x2 smaller rear rooms, kitchenette, shower, and w/c with basin. There is also a ancillary garage located at the rear of the property.

The property is available for sale of the Long Leasehold with 72 years remaining. The property has an EPC rating of B(48)

The property is located on Milvil Road, Lee-on-the-Solent, overlooking the popular seafront. The property is on a parade of local independent shops that leads to the High Street. Milvil road is a one-way system which gets many passing foot and car traffic, which leads to the High street, and further to Knowle, Gosport and Fareham.

To the front of the property there is on street parking, furthermore there is parking in surrounding roads.

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Long Leasehold available for purchase at a price of £170,000, alternatively the unit is available to let on a new effective FRI lease at £14,000 pa.

Rateable value: £6,900.

Small Business Rates Relief of 100% is available for ratepayers occupying a single property with a rateable value up to and including £12,000 from 1 April 2017.

You are advised to confirm the rates payable with the local council before making a commitment.

Service Charge - £1,680 per annum for the current service charge year.
Each party to be responsible for their own legal costs incurred in the transaction.
Unless stated, all prices and rents are quoted exclusive of VAT.
VAT - to be confirmed