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432 Bitterne Road, Bitterne Village, Southampton, Hampshire, SO18

Fixed Price
£180,000

£260.87 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

690 sq ft

64 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: Class E

E

Floor Plan
1

Key features

  • Rental Income: £15,000 p.a.
  • Gross Initial Yield: 8.33%
  • Comprises ground floor shop t/a barbers.
  • Let until 2033. Rent review linked to RPI in 2028.

Description

Investment Consideration:
Gross Initial Yield: 8.33%
Rental Income: £15,000 p.a.
VAT is NOT applicable to this property
Comprises ground floor shop t/a barbers.
Let until 2033. Rent review linked to RPI in 2028.
Nearby occupiers include Lloyds Bank, Pure Gym, Iceland and Superdrug, amongst others.

Property Description:
Comprises ground floor shop t/a barbers, providing the following accommodation and dimensions:
Ground Floor: 64 sq m (690 sq ft)
Open plan retail, reception, storage

Tenancy:
No. 432 Shop is at present to an Individual for a term of 10 Years from 2nd May 2023 at a current rent of £15,000 p.a. and the lease contains full repairing and insuring covenants. Rent review linked to RPI in May 2028. Tenant option to determine in May 2028 with min 6 months notice. Deposit held of £3,750. Lease within Landlord & Tenant act 1954.

Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.

Location:
Southampton is the main commercial and administrative centre of Hampshire and is located 70 miles south-west of Central London. Bitterne is a suburb located to the east of the City Centre. The city benefits from excellent road communications via the M27 and M3 Motorways. Bitterne Rail Station provides regular services to London via Southampton. The property is situated on the south side of Bitterne Road fronting the pedestrianised section, in the heart of the retail area. Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst many more.

Brochures

432 Bitterne Road, Bitterne Village, Southampton, Hampshire, SO18

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bitterne Station0.8 miles
  • Sholing Station1.2 miles
  • Woolston Station1.3 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference bitterne. 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 Blue Alpine, London. 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.

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