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SUBSTANTIAL  COMMERCIAL  INVESTMENT  -  FOR SALE

9 Shops plus Offices

FRIDAYS COURT and 1-5 HIGH STREET RINGWOOD HAMPSHIRE BH24 1AB LOCATION This substantial commercial investment is located at the southern end of the High Street, beside the junction of Southampton Road and Christchurch Road in this well known New Forest market town.  The nearby A31 trunk road provides access to Southampton, in the east together with the motorway network to London.  Bournemouth is some 12 miles by dual carriageway to the south and Salisbury 18 miles or so by the A338 to the north. Ringwood, due to the road network, has a large catchment area plus a seasonal influx of tourists to the New Forest. DESCRIPTION The majority of Fridays Court was developed in 1987. Number 1 High Street comprising a lock-up shop and self contained flat above is of  older construction. We understand that the whole complex comprises just under 9,000 sq ft of retail, A2 and self contained office accommodation, together with a 41 space car park. FULL ILLUSTRATED DETAILS AND SCHEDULE OF TENANCY AVAILABLE ON REQUEST SERVICE CHARGE Tenants contribute to external repairs, external redecoration, car park maintenance etc including management charges by way of service charge. CURRENT NET INCOME £155,050  5 High Street is unoccupied at £20,000 pa. This would increase the rental income to £175,050. . VAT  We are informed by our client that these premises are not elected for VAT. FREEHOLD PRICE £1,850,000 subject to contract. SITUATION The Fridays Court complex is situated at the end of the High Street and nearby retailers include Natwest, Santander and Barclays Banks.  National retailers include Boots, Edinburgh Woollen Mill, Superdrug, with Waitrose, Sainsbury, Jaeger, Phase Eight and many more High Street names all represented within the town.   The shop units in Fridays Court front the main pedestrian thoroughfare from the town centre’s second car park. VIEWING By appointment only please through the Agent.

Messrs Carr & Neave for themselves and for the vendors or lessors of these properties whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract;(ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Carr & Neave has any authority to make or give any representation or warranty or enter into any contrract whatsoever in relation to a property. Rents or prices quoted in these particulars may in addition be subject to VAT. Messrs Carr & Neave will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.