Summary - 21A, MARKET PLACE SO51 8NA
1 bed 1 bath Office
Income-producing shops with upper floors ripe for conversion subject to consent.
Freehold Grade II listed town-centre commercial building
A town-centre freehold investment in Romsey’s Market Place, combining two income-producing ground-floor shops with vacant upper-floor offices. The two retail units generate a combined rent of £47,500 pa and are secured on leases running to 2029 and 2034, providing immediate income while upper floors remain available for new use.
The upper three floors extend to c. 2,098 sq ft and are offered with vacant possession. They have previously served as offices and treatment rooms and include WC and shower facilities, electric heating and some laminate over carpet finishes. There is potential to convert these floors to residential accommodation subject to planning permission, which may enhance capital value and rental prospects.
Buyers should note the building is Grade II listed. Listed status will restrict alterations and will require specialist consent for conversion or substantial works, adding time and cost. Some third-floor rooms have restricted headroom and the property uses electric heating; both factors should be considered in any refurbishment budget. EPC ratings vary across the building (C–D bands) and business rates are assessed across three entries.
The property benefits from a prime high-street position opposite Café Nero and adjacent to Specsavers, near Waitrose and other national and independent retailers, plus regular market activity. This central location supports footfall and long-term lettability, but the immediate area records higher crime levels, a practical consideration for management and security planning.
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