Retail property (high street) for sale
Property description & features
LOCATION
Shirley Road is a bustling main road linking into the center of the city, having various ground-floor retail units lining the route with popular commercial tenants having a variety of uses including retail, takeaways and public houses all serving the surrounding residential areas.
The subject property is situated in the centre of this busy shopping terrace and benefits from both passing trade and good public transport connections on to the street which serves the rest of the city.
DESCRIPTION
The property is based over three floors, having a ground-floor retail unit with residential apartments above.
The property is of traditional brick and slate build in-keeping with the locality.
The property produces a rental income of £78,000pa across all tenancies, giving a yield of 8.43% on the asking price.
ACCOMMODATION
The property is laid out as follows:
Ground Floor: Shop - 484 sq ft
Rear Ground Floor: Studio 1 - 183 sq ft. Studio 2 - 183 sq ft. Studio 3 - 183 sq ft
First Floor: Studio 4 - 280 sq ft. Studio 5 - 237 sq ft
Second Floor: Flat A (two-bedroom) - 570 sq ft
TERMS
Each party is liable to pay their own costs.
OUTGOINGS
Ground Floor Retail has a rateable value of £7,600pa with the tenant paying this.
VAT
Not applicable.
Places of interest
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*DISCLAIMER
Property reference 103592000570. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Kings Estates - Guildford.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 25, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on March 24, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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