Shirley Road, Southampton, Hampshire, SO15
- SIZE AVAILABLE
2,120 sq ft
197 sq m
- SECTOR
High street retail property for sale
Key features
- 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 McDonalds, Halifax, Lidl, The Gym Group, Pharmacy, Barbers and Restaurants, amongst others.
Description
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 or email: b.
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.
Brochures
Shirley Road, Southampton, Hampshire, SO15
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Millbrook Station0.6 miles
- Southampton Central Station1.1 miles
- Redbridge (Southampton) Station1.8 miles
About Trinity Rose Commercial, Winchester
Trinity House, 123 Winchester Road, Chandler's Ford, Hampshire, SO53 2DR
Our Commercial Agency team has a wealth of experience in retail, offices, industrial, care and leisure sectors, providing independent advice to our commercial property clients, across Hampshire and Surrey.
The Commercial team at Trinity Rose Chartered Surveyors offers a suite of commercial property solutions that are tailored to suit your market sector and property type. From marketing property for sale and to let to conducting rent reviews for tenants and creating planned maintenance p
Notes
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