434 Bitterne Road, Southampton, Hampshire, SO18
£202.07 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,227 sq ft
207 sq m
- SECTOR
Healthcare facility for sale
- USE CLASSUse class orders: Class E
E
Key features
- Comprises Mental Health Clinic Hub arranged over Ground and First Floor. (Class E)
- Nearby occupiers include Lloyds Bank, Pure Gym, Iceland and Superdrug, amongst others.
- Entire property Let to NHS Foundation Trust
- VAT is NOT applicable to this property
Description
Gross Initial Yield: 7.78%
Rental Income: £35,000 p.a.
VAT is NOT applicable to this property
Comprises Mental Health Clinic Hub arranged over Ground and First Floor. (Class E)
Entire property Let to NHS Foundation Trust
Nearby occupiers include Lloyds Bank, Pure Gym, Iceland and Superdrug, amongst others.
Property Description:
Comprises mental health clinic hub arranged over ground and first floor, providing the following accommodation and dimensions:
Ground Floor: Clinic 105 sq m (1,130 sq ft)
First Floor: Ancillary 102 sq m (1,097 sq ft)
Total area size: 207 sq m (2,227 sq ft)
Tenancy:
The entire property is at present let to Southern Health NHS Foundation Trust for a term of 10 Years from 4th July 2022 at a current rent of £35,000 p.a. and the lease contains full repairing and insuring covenants. Rent review linked to RPI in the 5th Year. Tenant option to determine in the 5th Year with minimum 6 months notice. Lease within Landlord & Tenant Act 1954.
Location:
Southampton is the main commercial and administrative centre of Hampshire and is located 70 miles south-west of Central London. Bitterne is a suburb located to the east of the City Centre. The city benefits from excellent road communications via the M27 and M3 Motorways. Bitterne Rail Station provides regular services to London via Southampton. The property is situated on the south side of Bitterne Road fronting the pedestrianised section, in the heart of the retail area. Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst many more.
Brochures
434 Bitterne Road, Southampton, Hampshire, SO18
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bitterne Station0.1 miles
- St. Denys Station0.5 miles
- Woolston Station1.4 miles
About Blue Alpine, London
54 Welbeck Street, London W1G 9XS
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
Notes
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