No longer on the market
This property is no longer on the market
MapMixed use
Sold STC
Mixed use
Features and description
- Detached Victorian building
- Freehold mixed-use property
- Net Internal Area
- Commercial/residential investment sale
- May attract investors and/or property developers
- To be sold with the benefit of existing tenancies
- Shirley, Southampton
- Hairdressing salon
- 3 x residential dwellings
- Off road parking for two vehicles
A detached, two storey Victorian property of brick elevations under a pitched, tiled roof, thought to date from around 1900 and situated on a road of predominantly residential dwellings in the suburb of Shirley, Southampton.
The main building was historically converted to create a hairdressing salon on the ground floor along with a studio apartment and 1-bedroom maisonette within the main house, the latter of which has been recently refurbished to a good standard. To the rear of the plot is a further self-contained, 1-bedroom annexe, which requires modernisation and improvement works prior to securing a new tenant. There is off-road parking to the front and rear of the building and free on-street parking.
The asset is multi-tenanted with a lease in place with a commercial tenant (hairdresser) and residential tenants on AST’s. Please note that the annexe to the rear is currently vacant. Our estimated rental value (ERV) would be in the region of £25,800 p.a if the annexe unit were to be modernised and re-let, suggesting a gross yield of circa 10% before purchaser’s costs.
TENURE
The property is available to purchase freehold at a guide price of £250,000 exclusive, subject to the existing commercial agreement and AST’s.
LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in this transaction. We have been advised that no VAT is payable on the purchase price.
ACCOMMODATION
A measured survey has been undertaken that identified the following areas: Salon: 212 Sq. Ft.; 188A Foundry Lane: XXX Sq. Ft. ; 188B Foundry Lane: XXX Sq. Ft. ; 188C Foundry Lane: XXX Sq. Ft.
EPC RATING
Salon: XXX ; 188A: D (56) ; 188B: D (60) ; 188C: F (22).
RENTAL INCOME
Salon: £400pcm ; 188A: £700pcm ; 188B: £400pcm ; 188C: Vacant (estimate £650pcm).
RATEABLE VALUE Online enquiry for the salon via indicates a rateable value of £3,700 in the 2017 List. Interested parties are invited to check the accuracy of this information with the Local Authority.
VIEWINGS
Strictly by appointment with the agents, through whom all negotiations must be conducted.
Contact[use Contact Agent Button] (Trinity Rose Commercial) or[use Contact Agent Button] (Charters).
Shirley is a popular residential area and this address is located within walking distance of the extensive shopping facilities found in Shirley High Street. The area benefits from regular bus services that pass nearby connecting to all parts of the city and recreational facilities can be found at nearby St. James Park and Shirley indoor swimming pool that is found in Kentish Road.
Access points to the M3 & M27 motorways allow fast lines of communication to regional towns and cities and the central railway station is a 25-minute walk or short bus journey away. A variety of popular schools for all ages are found in the vicinity and are within easy travelling distance.
The main building was historically converted to create a hairdressing salon on the ground floor along with a studio apartment and 1-bedroom maisonette within the main house, the latter of which has been recently refurbished to a good standard. To the rear of the plot is a further self-contained, 1-bedroom annexe, which requires modernisation and improvement works prior to securing a new tenant. There is off-road parking to the front and rear of the building and free on-street parking.
The asset is multi-tenanted with a lease in place with a commercial tenant (hairdresser) and residential tenants on AST’s. Please note that the annexe to the rear is currently vacant. Our estimated rental value (ERV) would be in the region of £25,800 p.a if the annexe unit were to be modernised and re-let, suggesting a gross yield of circa 10% before purchaser’s costs.
TENURE
The property is available to purchase freehold at a guide price of £250,000 exclusive, subject to the existing commercial agreement and AST’s.
LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in this transaction. We have been advised that no VAT is payable on the purchase price.
ACCOMMODATION
A measured survey has been undertaken that identified the following areas: Salon: 212 Sq. Ft.; 188A Foundry Lane: XXX Sq. Ft. ; 188B Foundry Lane: XXX Sq. Ft. ; 188C Foundry Lane: XXX Sq. Ft.
EPC RATING
Salon: XXX ; 188A: D (56) ; 188B: D (60) ; 188C: F (22).
RENTAL INCOME
Salon: £400pcm ; 188A: £700pcm ; 188B: £400pcm ; 188C: Vacant (estimate £650pcm).
RATEABLE VALUE Online enquiry for the salon via indicates a rateable value of £3,700 in the 2017 List. Interested parties are invited to check the accuracy of this information with the Local Authority.
VIEWINGS
Strictly by appointment with the agents, through whom all negotiations must be conducted.
Contact[use Contact Agent Button] (Trinity Rose Commercial) or[use Contact Agent Button] (Charters).
Shirley is a popular residential area and this address is located within walking distance of the extensive shopping facilities found in Shirley High Street. The area benefits from regular bus services that pass nearby connecting to all parts of the city and recreational facilities can be found at nearby St. James Park and Shirley indoor swimming pool that is found in Kentish Road.
Access points to the M3 & M27 motorways allow fast lines of communication to regional towns and cities and the central railway station is a 25-minute walk or short bus journey away. A variety of popular schools for all ages are found in the vicinity and are within easy travelling distance.