Commercial Properties For Sale in Regents Park, Southampton, Hampshire

An excellent opportunity to acquire a well located mixed-use investment comprising a ground floor retail unit let to a highly established tenant, alongside a first floor residential development opportunity with significant value-add potential. The ground floor is let to Landmark Entertainments Ltd, trading as Richmond Leisure, a long-standing adult gaming centre operator who have traded from the premises for over 35 years. The tenant will enter into a new 15-year FRI lease (tenant break at year 10) at an initial rent of £27,000 per annum, with 5-yearly upward only rent reviews. A rent deposit will be provided, and strong full company accounts are available upon request. The first floor is currently arranged as a spacious 2-bedroom flat to the front and office accommodation to the rear. A planning process initiated in 2019 proposed reconfiguration of the upper parts to create 2 x 1-bedroom flats and 2 x studio flats. Architect's plans and historic planning documents are available upon request. Once developed, the flats are anticipated to generate a rental income in excess of £36,500 per annum. Subject-to-planning offers will be considered.

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.