Ground Floor, 8 Milvil Court
Milvil Road, Lee-on-the-Solent, PO13 9LYThe Space
LONG LEASEHOLD FOR SALE
At a glance
| Property Type | D1 (Non Residential Institutions) / D2 (Assembly and Leisure) / Leisure / Office / Other / Retail |
| Tenure | For Sale |
| Size | 623 sq ft |
| Price | £180,000 |
| Business Rates | Upon Enquiry |
| Service Charge | £1,680 per annum |
| Energy Performance Rating | This property has been graded as B (48) |
Fareham
68 mins
Portsmouth Harbour
81 mins
Portchester
91 mins
Ryde Pier Head
92 mins
Reading
897 mins
Twyford
942 mins
Maidenhead
1037 mins
Tadworth
1042 mins
Key Points
- For Sale
- Long Leasehold
- Seafront Location
- EPC - B(48)
- Garage
Description
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)
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Unit | 623 | 57.88 | Available |
| Ancillary - Garage | 130 | 12.08 | Available |
| Total | 753 | 69.96 |
The Location
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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Terms
Long Leasehold available for purchase at a price of £180,000
Business Rates
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.
Other Costs
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
