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42-42A Cove Rd 623 SF 100% Leased Retail Building Farnborough GU14 0EN $307,448 ($493.50/SF)
Investment Highlights
- Hairdresser and barber retail units
- Free Parking within Cove Road Parking Bays
- Hairdresser “BEEZ KNEEZ SALON” is a Long Standing Tenant
- Prominent location in established retail area
- Situated on Local Bus Routes
Executive Summary
Cove Road is a busy vehicle route connecting Cove Village with Farnborough Town Centre, within the locality there is a mix of commercial premises (mainly retail), and residential flats/houses.
The sale comprises the freehold interest of 42/42A Cove Road which consists of a ground floor hair salon to the front and a separate rear barbershop, both let on commercial lease terms. The property also benefits from a ground rent income generated by the residential flat above.
The freehold interest is For Sale. Offers invited in the region of £230,000. We understand from our client that the property is not registered for VAT.
Ground Floor – Hairdresser held under lease until 29 April 2027 at £13,500 pax.
Ground Floor Rear - the lease is currently being renewed at a rent of £5,000 pax.
First Floor Residential Flat - held under 125 year lease from 01 January 2007 at a ground rent of £150 per annum ground rent. Total Rent Income of £18,650 pax.
Each party to pay their own legal costs in the matter.
The sale comprises the freehold interest of 42/42A Cove Road which consists of a ground floor hair salon to the front and a separate rear barbershop, both let on commercial lease terms. The property also benefits from a ground rent income generated by the residential flat above.
The freehold interest is For Sale. Offers invited in the region of £230,000. We understand from our client that the property is not registered for VAT.
Ground Floor – Hairdresser held under lease until 29 April 2027 at £13,500 pax.
Ground Floor Rear - the lease is currently being renewed at a rent of £5,000 pax.
First Floor Residential Flat - held under 125 year lease from 01 January 2007 at a ground rent of £150 per annum ground rent. Total Rent Income of £18,650 pax.
Each party to pay their own legal costs in the matter.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
623 SF
Building Class
B
Year Built
1927
Price
$307,448
Price Per SF
$493.50
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.47
Lot Size
0.03 AC
Frontage
17’ on Cove Road
Amenities
- Signage
- Smoke Detector
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Nearby Major Retailers
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Videos
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Photos
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Map
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Presented by
42-42A Cove Rd
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