Retail Property (high street) for sale

2 Gordon Buildings, Shirley High Street, Southampton, Hampshire, SO15 3LS

754 sq. ft. | £240,000

Property Description

Commercial information

  • Use class orders: A1 Shops

Key features

  • Single Let Retail Investment
  • Busy Trading Position
  • No VAT
  • Four Years Un-expired Term
  • Price 240,000

Full description

Description:
Shirley High Street is a busy retail district 3 miles to the north west of Southampton city centre. It is a densely populated area and is also one of the main arterial routes into and out of the city.

The property is located on the north side of the street close to the junction with Shirley Avenue.

Nearby occupiers include Savers, Poundland, Coffee#1 and Boots.

The property comprises a single storey central terrace retail shop with access to the rear via a service road.

Tenure:
Freehold.

Tenancies:
The property is let for a term of 7 years from 1st December 2013 (expiring 30th Nov 2020) at a passing rent of 18,000 per annum payable monthly. The tenant is Southampton Pie Company Ltd,
Company No. 07745917.

The lease is subject to an open market upward only rent review on
1st Dec 2016.

The lease is drawn on Full Repairing and Insuring Terms.

User A3.

Accommodation:
Floor Areas:  Square Foot:  Square Metre:  
Shop max. depth    12.12m  
Shop max. width    5.89m  
Net Sales Area  754  70.01  
ITZA  458  42.6  
Store/Ancillary  389  36.14  
Kitchen  176  16.35  


Planning:
We understand the current permitted use to be A1 (Retail). All parties are advised to make their own enquiries of the local authority
for confirmation.

Rates:
Rateable Value - To be reassessed.
Source - voa.gov.uk
The 2016/2017 standard multiplier is 0.497 (49.7p payable per 1). This determines what
business rates are payable. All parties are advised to make their own enquiries for confirmation.


EPC:
Asset Rating - awaited.

Terms:
Available by way of a new Full Repairing and Insuring lease for a term to be agreed at an initial rent of 18,000 per annum exclusive of
rates, VAT (if applicable) and all other outgoings.

More information from this agent

Nearest stations

  • Millbrook (0.7 mi)
  • Southampton Central (1.2 mi)
  • St. Denys (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Primmer Olds B.A.S., Southampton

61 Cromwell Road, Southampton, SO15 2JE

02382 200593 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.

Map & Street View

Nearest stations

  • Millbrook (0.7 mi)
  • Southampton Central (1.2 mi)
  • St. Denys (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Primmer Olds B.A.S., Southampton

61 Cromwell Road, Southampton, SO15 2JE

02382 200593 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 2gordonbuildings. 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 Primmer Olds B.A.S., Southampton. 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.

Map data OpenStreetMap contributors.