Chapel Street, Petersfield

696 Sq Ft
£220,000
  • Type: Retail
  • Availability: Sold
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Property Features

  • Principal Retail Street
  • Central Location

Property Summary

These properties are situated to the rear of Chapel Street, at the edge of the retail centre of the market town of Petersfield. They adjoin a very narrow pedestrian thoroughfare known as Bakery Lane, but also placed very prominently to the main car park. This is the central car park of the town, and as such, extremely visible for potential customers of the shops. Chapel Street is one of the principal retail streets within the town.

The accommodation is split into two distinct adjoining units:-

39C is a single storey brick built building with double pitch roof, covered with mellow clay tiles.

Its dimensions are 18ft by 12ft, i.e. total 216 sq. ft. It is situated adjacent to Bakery Lane.

39D is a single storey unit facing the central car park, and is of timber construction under a profiled metal roof.

The rear of this building is enclosed by a large full width door, again of timber, forming the principal access to the unit. To the front is a tarmacadam trading area, approximately 15ft by 12ft.

The unit itself is 40ft by 12ft, i.e. 480 sq.ft.

LOCATION

Both these units are located to the rear of Chapel Street, one of the principal retail street within the town. They both adjoin Bakery Lane, and 39D fronts to the central car park.

SERVICES AVAILABLE

We are advised that both premises have mains electricity (single phase), mains water and mains drainage services.

RATEABLE VALUE

39C - £5,600.

39D - £8,400.

Both of the subject premises have planning consent under Established Use.

TENURE

39C – currently occupied by Fez, a Turkish restaurant, which utilises it as a bar named ‘Bazaar’, serving mezes, appetisers etc, at a passing rent of £400 per calendar month, exclusive of business rates and electricity costs. The repairing covenants are vested with the Freeholder. The accommodation is occupied on a monthly rolling unwritten basis.

39D – currently occupied by The Blacksmith’s Daughter, a florist, at a rent of £900 per calendar month, exlcusive of business rates and electricity costs. Again, the repairing covenants are vested with the Freehold owner, and the premises are occupies on a monthly rolling unwritten basis.

PRICE

£220,000 Freehold for the two units.