Commercial Properties For Sale in Regents Park, Southampton, Hampshire

Mid-terrace industrial / warehouse unit of steel portal frame construction with brick walls beneath a pitched roof incorporating translucent roof lights. The ground floor comprises a front office with an independent access from Mill Road, leading to an open warehouse with 4.5m minimum eaves and additional storage space beneath the mezzanine (approx. 2.4m height). There is a roller shutter loading door (approx. 4.0m x 3.72m) accessed from Stanton Road Industrial Estate. Single phase power and an alarm system are installed. The first floor comprises a mix of open plan and private offices, fitted with LED lighting, gas central heating, vinyl flooring, perimeter trunking, fibre internet and optional office furniture. There are kitchen facilities and two WCs. There are two allocated parking spaces within the industrial estate, together with extensive unrestricted parking on Mill Road.

An excellent opportunity to acquire a well-located mixed-use investment comprising a ground floor retail unit let to a highly established tenant, together with a first-floor residential development opportunity offering significant value-add potential. The ground floor is occupied by Landmark Entertainments Ltd, trading as Richmond Leisure, a long-standing adult gaming centre operator which has traded from the premises for over 35 years. The tenant will enter into a new 15-year FRI lease, subject to a tenant break at Year 10, at an initial rent of £30,000 per annum. A rent deposit will be provided and strong full company accounts are available upon request. The first floor is currently arranged as a spacious two-bedroom flat to the front, with office accommodation to the rear. The space offers potential for conversion and reconfiguration to provide a number of self-contained residential units, subject to planning. There is also potential to extend the first-floor over the existing flat roof to the rear, increasing the available floor area and scope of any future residential scheme. Subject-to-planning offers are welcome and developers are encouraged to inspect the property to assess the development potential and establish the scheme that may be achievable.