3 bedroom mixed use for sale78 St. Mary Street, Southampton, Hampshire, SO14 1NZ
742 sq. ft. | £320,000
- 742 sq ft (68 sq m)
- Use class orders: A1 Shops
- Business not Affected
- Retail & Residential
- Prominent Corner Position
- Close to City Centre
- Fully Let
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.
|Ground Floor Retail:||Square Foot:||Square Metre:|
|First Floor||2 bedroom flat|
|Second Floor||1 bedroom flat|
Retail - D78
Flat 1 - D60
Flat 2 - C69
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
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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