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3 bedroom mixed use for sale

78 St. Mary Street, Southampton, Hampshire, SO14 1NZ

£320,000
742 sq. ft.

Property Description

Commercial information

  • 742 sq ft (68 sq m)
  • Use class orders: A1 Shops

Key features

  • Business not Affected
  • Retail & Residential
  • Prominent Corner Position
  • Close to City Centre
  • Fully Let

Full description

Description:
The property is prominently located at the corner of St.Mary Street and Johnson Street a few minutes walk from the city centre.

St. Marys is a busy secondary trading location.

The building is arranged over three floors providing ground floor retail unit (linked to next door- not forming part of the sale) and self contained flats above.

Accommodation:

Ground Floor Retail:  Square Foot:  Square Metre:  
Sales Area  513  47.66  
Stores/Ancillary  229  21.27  
Residential Uppers      
First Floor  2 bedroom flat    
Second Floor  1 bedroom flat    


EPC:
Retail - D78
Flat 1 - D60
Flat 2 - C69

Tenancies:
Shop
Lease dated 26th November 2015
Tenant A.H. Dowlatzai and W.Hamdard
From 26th November 2015 expiring 25th November 2020
Rent 8,400 per annum payable monthly in advance
Subject to Rent Review 1st November 2018
Effectively Full Repairing and Insuring terms.
Flat 1 - Let on Assured Shorthold Tenancy 575 pcm (6,900 pa) 12 months expiring 30th June 2016.
Flat 2 - Let on Assured Shorthold Tenancy 525 pcm (6,300 pa) 12 months expiring 8th July 2016.
Total Current Income - 21,600 pa exclusive

Terms:
Offers sought in the region of 320,000 for the freehold interest subject to and with the benefit of the above tenancies.
Note: we are advised VAT is not payable on the purchase price.
Interested parties are advised to make their own enquiries.


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