Hampton Lane, Blackfield, Southampton, Hampshire, SO45
£121.36 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,326 sq ft
402 sq m
- SECTOR
Light industrial facility for sale
Key features
- Gross Income £35,700 per annum with potential to increase
- New 5 year lease to long established Blackfield Garage
- 1 x 2 bed & 2 x 1 bed flats
- Reversionary Yield 8.39% when flat 1 is let.
Description
The garage is let on a 5 year full repairing and insuring lease from 13th December 2023 to Peter Charles Cousins at a rent of £24,000 per annum exclusive. There is a rent review at the end of year 3.
The upper floors have been converted into 3 self contained flats with a separate access at the side of the building. All the flats have gas central heating, UPVC double glazing and velux windows in the bedrooms.
Flat 1 is vacant and it is understood this could be let at a rent of £650 pcm.
Flat 1a has been let to the same tenant since May 2018 at £475 pcm rising to £495 pcm in January 2024
Flat 2 has been let to the same tenant since August 2019 at £525 pcm.
Total rental income £36,000 per annum. Future potential income when flat 1 is let and the rent on flat 1A is increased is £43,800.
Brochures
Hampton Lane, Blackfield, Southampton, Hampshire, SO45
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hamble Station4.1 miles
- Netley Station4.1 miles
- Bursledon Station5.4 miles
About Keygrove Chartered Surveyors, Southampton
Harbour Lights Maritime Walk, Ocean Village, Southampton, SO14 3TL
Keygrove is a well established and entirely independent firm of Chartered Surveyors specialising in commercial property, operating from a landmark building in Ocean Village, Southampton.
We offer Director level service with an emphasis on accountability. Our independent status allows us to tailor our services to our clients' needs whether starting from a 'blank sheet' or applying our skills and knowledge to an existing project.
We provide our services (see 'what we do' above) to l
Notes
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