Skip to content
UNDER OFFER

St Mary Street, Southampton, Hampshire, SO14

£400,000

£257.40 per sq ft

Business rates & charges may apply

Keygrove Chartered Surveyors, Southampton
SIZE AVAILABLE

1,554 sq ft

144 sq m

SECTOR

Mixed use property for sale

Key features

  • Income Producing - Current income £35,600 per annum
  • Initial Yield 8.9% before purchasers costs
  • Potential reversionary yield of 12.2% excluding purchasers costs

Description

A semi-detached 2 and 3 storey property. The ground floor is a retail shop used as a bakery/ coffee shop, there is rear kitchen space for preparation, baking and first floor office and storage space. There is a secondary entrance to the kitchen and first floor from Ascupart Road.

There has been a bakery at 120 St Mary Street for 135 years. The current bakery tenant has a lease of 10 years from 2016, with a passing rent of £23,000.

The property has 2 occupied studio flats and the residential upper floors have been partially converted into two self contained 1 bedroom flats with a separate access at the side of the building from Ascupart Road. As per the planning permission, one of the studio flats will be incorporated into the 1 bedroom flat. Therefore, upon completion of works there will be 2 x 1 bedroom flats and 1 x studio flat.

The current rental income for the flats is £12,600 per annum.

The flats have gas central heating, and UPVC double glazing. Planning has been granted for the additional flats and can be found under reference no 22/01026/FUL. The anticipated rental income for the flats when works are complete is approximately £25,800 per annum.

Brochures

St Mary Street, Southampton, Hampshire, SO14

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Southampton Central Station0.8 miles
  • Woolston Station1.0 miles
  • St. Denys Station1.2 miles

About Keygrove Chartered Surveyors, Southampton

Harbour Lights Maritime Walk, Ocean Village, Southampton, SO14 3TL

Keygrove Chartered Surveyors, Southampton

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

More properties from Keygrove Chartered Surveyors, Southampton

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 751FH. 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 Keygrove Chartered Surveyors, Southampton. 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.

Your search history

You have no recent searches.