This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Commercial property for sale

Commercial Freehold, Portland Street, Southampton. 3 flats and shop. 40K income pa. Excellent investment opportunity.

Under Offer £495,000

Property Description

Key features

  • Central trading position just off the prime pedestrianized shopping area of Above Bar, Southampton
  • Freehold Building
  • Approximately 2,567sq ft.
  • Accommodation is split into three apartments, a shop front, seperate basement office
  • Apartments are currently bringing in an income

Full description

Rare Opportunity To Purchase A Commercial Freehold Shop Premises With Three Apartments Above, In Central Southampton.

The property occupies a central trading position just off the prime pedestrianized shopping area of Above Bar with many national multiple retailers trading close by including Barclays, Halifax, Blacks, Footlocker and JD Sports. This is an excellent opportunity to acquire a freehold building of approximately 2,567 square feet in accommodation, which is currently split into three apartments and a shop front, with separate basement office. An internal inspection is highly recommended.

Accommodation
The premises have the following areas:-
Shop and sales area
Basement office/storage room
Staff Kitchen and Separate WC
Three X Fitted apartments  

Income
The shop premises currently will achieve an estimated rental income of approximately £20,000 - £25,000 per annum.  
The three apartments are currently bringing an income of £1,700pcm and all are occupied.

Rates
We are verbally advised by the Local Rating Authority, Southampton City Council, that the ground and basement have the following assessment for business rates:-
Rateable Value: £16,000.00 p.a.
Rates Payable: £ 6,512.00 p.a. (from April 2010)


More information from this agent

To view this property or request more details, contact:

Hamilton Parker Property Services, Romsey

Hamilton Parker Property Services, 9 Latimer Walk, Romsey, SO51 8LA

01794 518718 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Hamilton Parker Property Services, Romsey

Hamilton Parker Property Services, 9 Latimer Walk, Romsey, SO51 8LA

01794 518718 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer

Property reference 1796139. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hamilton Parker Property Services, Romsey. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.