No longer on the market
This property is no longer on the market
MapRetail property (high street)
Retail property (high street)
7595
Features and description
- For Sale – Mixed-use Freehold Investment / Redevelopment Site
- Guide Price – £950,000
- Current rental income - £47,140 pa
- Appealing character property
- Directly opposite Eastleigh Railway Station
- Vacant former bank of 4,867 Sq. Ft. over three floors (ERV £45,000 pa)
- Two additional retail units and four residential dwellings
- Opportunity to redevelop/convert bank, STP
- Front and rear access, with some off-road parking
- Highly visible plot on corner of Southampton Road & Leigh Road
Located on a highly-visible corner plot, the subject property is a substantial and striking three storey building of brick and stone elevations beneath a pitched and tiled roof with dormer windows, featuring an ornate moulded cornice and benefiting from a glazed canopy over the pavement.
The premises consist of a vacant former bank, two ground floor commercial units and four residential units. We feel that the bank could be repurposed in a number of ways and, with the necessary consents, lends itself to residential redevelopment in part, at least.
TENANCY SCHEDULE
Address Lease Start Term Passing Rent Rent Review Break Dates Tenant Name
34-38 Southampton Rd Vacant
1D Leigh Rd
(SHOP + FLAT) 01/12/16 10Y £11,000 pa N/A N/A Choices
1E Leigh Rd (SHOP) 05/09/22 5Y £11,000 pa N/A 05/09/24 Enfields
1E Leigh Road (FLAT) 30/09/23 AST £9,000 pa N/A N/A Private Tenant
1A Leigh Road
(FLAT) 22/10/18 AST £6,600 pa N/A N/A Private Tenant
1B Leigh Road
(FLAT) 13/03/23 AST £9,540 pa N/A N/A Private Tenant
TENURE
We are instructed to seek unconditional offers of £950,000, subject to contract, for the freehold interest in title number HP164282, to include the existing occupational agreements.
EPC RATING
Details can be provided on request.
RATEABLE VALUE & COUNCIL TAX
Interested parties are invited to contact the local authority for further information.
LEGAL COSTS & VAT
Each party to bear their own legal costs in this transaction. The property is not VAT elected.
VIEWINGS
No approaches to the current occupiers is permitted.
For all enquiries please contact the sole agent Trinity Rose Commercial on[use Contact Agent Button] or email Jon Baud [use Contact Agent Button] or by mobile[use Contact Agent Button].
The property is found opposite Eastleigh Railway Station at the junction of Southampton Road/Leigh Road. Nearby businesses include Coffee #1, Sainsbury’s, HSBC, Lloyds, Boots and all the local and multiple shops of Market Street while nearby is the Swan Centre, with further retail and hospitality options. Eastleigh is a densely populated town approximately 5 miles to the north of Southampton and 9 miles south of Winchester. It enjoys excellent road links via the M27/M3, direct rail links to London Waterloo in 80 minutes and is also well-served by local buses.
The premises consist of a vacant former bank, two ground floor commercial units and four residential units. We feel that the bank could be repurposed in a number of ways and, with the necessary consents, lends itself to residential redevelopment in part, at least.
TENANCY SCHEDULE
Address Lease Start Term Passing Rent Rent Review Break Dates Tenant Name
34-38 Southampton Rd Vacant
1D Leigh Rd
(SHOP + FLAT) 01/12/16 10Y £11,000 pa N/A N/A Choices
1E Leigh Rd (SHOP) 05/09/22 5Y £11,000 pa N/A 05/09/24 Enfields
1E Leigh Road (FLAT) 30/09/23 AST £9,000 pa N/A N/A Private Tenant
1A Leigh Road
(FLAT) 22/10/18 AST £6,600 pa N/A N/A Private Tenant
1B Leigh Road
(FLAT) 13/03/23 AST £9,540 pa N/A N/A Private Tenant
TENURE
We are instructed to seek unconditional offers of £950,000, subject to contract, for the freehold interest in title number HP164282, to include the existing occupational agreements.
EPC RATING
Details can be provided on request.
RATEABLE VALUE & COUNCIL TAX
Interested parties are invited to contact the local authority for further information.
LEGAL COSTS & VAT
Each party to bear their own legal costs in this transaction. The property is not VAT elected.
VIEWINGS
No approaches to the current occupiers is permitted.
For all enquiries please contact the sole agent Trinity Rose Commercial on[use Contact Agent Button] or email Jon Baud [use Contact Agent Button] or by mobile[use Contact Agent Button].
The property is found opposite Eastleigh Railway Station at the junction of Southampton Road/Leigh Road. Nearby businesses include Coffee #1, Sainsbury’s, HSBC, Lloyds, Boots and all the local and multiple shops of Market Street while nearby is the Swan Centre, with further retail and hospitality options. Eastleigh is a densely populated town approximately 5 miles to the north of Southampton and 9 miles south of Winchester. It enjoys excellent road links via the M27/M3, direct rail links to London Waterloo in 80 minutes and is also well-served by local buses.