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432-434 Bitterne Road, Southampton, Hampshire, SO18

Fixed Price
£1,000,000

£274.95 per sq. ft.

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE
3,637 sq. ft.
(338 sq. m.)
SECTOR
High street retail property for sale
USE CLASS
Use class orders: A1 Shops, A3 Restaurants and Cafes and Class E
A1, A3, E

Key features

  • No. 432 comprises Ground Floor Shop and a Self-Contained Flat above.
  • No. 434 comprises Ground Floor Shop with Ancillary Accommodation above
  • Total area size in excess of 338 sq m (3,637 sq ft)
  • The properties provide rear parking area for 6-8 cars

Property description

Tenure: Freehold

Investment Consideration:
Rental Income: £25,500 p.a.
ERV £65,100 p.a. GIY: 6.51%
VAT is NOT applicable to this property
No. 432 comprises Ground Floor Shop and a Self-Contained Flat above.
No. 434 comprises Ground Floor Shop with Ancillary Accommodation above
Total area size in excess of 338 sq m (3,637 sq ft)
The properties provide rear parking area for 6-8 cars
Development potential to add another building at rear parking area or extend existing buildings by creating second floor, subject to obtaining the necessary consents.
Planning granted at No. 434 for conversion of rear of ground and first floor to 2 x Studio and 1 x 1-Bed Flats.
Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst others.

Property Description:
No. 434 comprises ground floor retail shop, currently operating as a bank with ancillary accommodation at first floor.

The property provides the following accommodation and dimensions:
Ground Floor: Shop 105 sq m (1,130 sq ft)
First Floor: Ancillary 102 sq m (1,097 sq ft)

No. 432 comprises vacant ground floor retail shop and vacant self-contained flat at first floor.
The property provides the following accommodation and dimensions:
Ground Floor: Shop 131 sq m (1,410 sq ft)
First Floor: Flat Not Inspected
3 Rooms, Kitchen, Bathroom/WC

Tenancy:
No. 434 - The property is at present let to Santander UK PLC for a term of 3 years from 25th December 2020 at a current rent of £25,500 per annum and the lease contains full repairing and insuring covenants. Tenant option to determine on 24th December 2021 and 2022.
No. 432 - The entire property is at present vacant

Development Potential:
No.434 - Planning approved for conversion of rear of ground floor and first floor to 2 x Studio Flats and 1 x 1-Bed Flat. Development potential to add another building at rear parking area or extend existing buildings by creating second floor, subject to obtaining the necessary consents.

No. 434 would provide the following accommodation and dimensions:
Ground Floor:
Retail Shop - 67 sq m (721 sq ft)
Flat 1 - 20 sq m (215 sq ft)
Open Plan Kitchen/Living room, Double Bed, Bathroom/WC
First Floor:
Flat 2 - 28 sq m (301 sq ft)
Open Plan Kitchen/Living room, Double Bed, Bathroom/WC
Flat 3 - 58 sq m (624 sq ft)
1 Bedroom, Open Plan Kitchen/Living room, Bathroom/WC

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

432-434 Bitterne Road, Southampton, Hampshire, SO18

Approximate location

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

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

Blue Alpine is a leading advisory company that helps clients around the world turn property into a path for growth. We plan and deliver solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. Together, we unlock potential. At Blue Alpine, we believe a comprehensive understanding of a client’s financial goals are key to helping them fulfil their investment expectations. By employing a transparent and consultative approach we can asse

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Notes

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