No longer on the market
This property is no longer on the market
Floorplans (
MapRetail property (high street)
Retail property (high street)
2120
Features and description
- Oieo: £925,000
- Gross Initial Yield: 8.45%
- Rental Income: £78,180 p.a.
- Property not elected for VAT
- Comprises 1 x Retail Shop, 1 x 2-Bed and 5 x Studio Flats
- Total retail area: 45 sq m (484 sq ft)
- Total residential area: 152 sq m (1,636 sq ft)
- Excellent transportation links to Southampton City Centre via bus.
- Nearby occupiers include Mc Donalds, Halifax, Lidl, The Gym Group, Pharmacy, Barbers and Restaurants, amongst others.
Trinity Rose Commercial are instructed to sell this freehold commercial investment, which includes a mid-terraced three-story building with an additional ground floor conversion to the rear. The buildings comprise 1 x Retail Shop, 1 x 2-Bed top floor apartment and 5 x Studio Flats. The residential flats have been re-developed/converted in 2022 and a full breakdown of the accommodation and dimensions can be found in the schedule below.
RATEABLE VALUE
The ground floor retail unit has a rateable value of £7,100 as per 1st April 2023.
EPC RATING
Current EPCs are in place for all units and further details of the assessments are available on request
LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in this transaction. We understand that this property is not elected for VAT.
TENURE
We are instructed to seek offers in excess of £925,000 for the freehold interest subject to the subsisting leases, equating to an approximate gross yield of 8.45%.
VIEWINGS
Strictly by appointment with whom all negotiations must be conducted. Please contact Brett Colman at Trinity Rose Commercial on[use Contact Agent Button] or [use Contact Agent Button]
The property is prominently situated on Shirley Road in central Southampton, in a densely populated residential location with a large number of well-established retailers and commercial occupiers, approximately 2 miles from Southampton City Centre. Businesses include food stores, cafes, restaurants, chemist, hairdresser and butcher. Occupiers such as McDonalds, Peter Cooper, Lidl, Easygym and Tesco are all nearby.
RATEABLE VALUE
The ground floor retail unit has a rateable value of £7,100 as per 1st April 2023.
EPC RATING
Current EPCs are in place for all units and further details of the assessments are available on request
LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in this transaction. We understand that this property is not elected for VAT.
TENURE
We are instructed to seek offers in excess of £925,000 for the freehold interest subject to the subsisting leases, equating to an approximate gross yield of 8.45%.
VIEWINGS
Strictly by appointment with whom all negotiations must be conducted. Please contact Brett Colman at Trinity Rose Commercial on[use Contact Agent Button] or [use Contact Agent Button]
The property is prominently situated on Shirley Road in central Southampton, in a densely populated residential location with a large number of well-established retailers and commercial occupiers, approximately 2 miles from Southampton City Centre. Businesses include food stores, cafes, restaurants, chemist, hairdresser and butcher. Occupiers such as McDonalds, Peter Cooper, Lidl, Easygym and Tesco are all nearby.