High Street, Bishops Waltham, Southampton, Hampshire, SO32

Freehold investment for sale on the High Street in Bishop's Waltham, comprising two shops and two apartments, all of which are fully let and income-producing.

An attractive and historic Grade II Listed semi-detached building, arranged as a mixed use commercial and residential premises.

This investment property comprises two retail units on the ground floor (one with a basement) and two self-contained residential flats (1 x 1-bed plus 1 x 2-bed) on the first floor. The apartments are both let out, one on an AST until December 2025 and the second on a brand-new AST running until June 2026.

One retail unit which is let to the Hair Art salon, has the residue of a 10-year lease that runs until October 2026 while the other shop is let to Simon Lawson Jewellers until November 2028. All parts share a communal entrance from the High Street.

SITUATION
The property is situated on the High Street in Bishop’s Waltham, on the edge of the South Downs National Park. Bishop’s Waltham is a popular and thriving medieval town with a wide array of retailers including independent boutiques, coffee shops, pubs, restaurants plus national chains. It lies 6 miles north of the M27 and 8 miles east of the M3 motorway, with the nearest train station at Botley, some 3 miles away. Winchester is approximately 10 miles to the north west while Southampton is the same distance to the south east.

TENURE
We are instructed to market the freehold interest in Title Number HP791427 at a guide price of £650,000, subject to contract, to include any subsisting leases. A purchase at this level would represent a gross yield of 6.95% before purchaser’s costs and a capital value of £209 per square foot.

RATEABLE VALUES
Online enquiry via the Valuation Office Agency indicates the below rateable values for the ground floor retail units, while the residential apartments are both in Council Tax Band B:

Hair Art - £11,750
Simon Lawson Jewellers - £8,800

ACCOMMODATION
A measured survey has identified an approximate area of 3,099 Sq. Ft / 287.9 Sq. M.

EPC RATING
The energy performance rating and certificate reference for each part are below,
Hair Art – D (95), 0940-0331-31969-5020-7096, valid unit October 2029
Simon Lawson Jewellers – C (75), 0910-0931-7969-9920-0096, valid until October 2029
Flat 1 – D (59), 0150-2803-6586-9021-026, valid until August 2029
Flat 2 – D (60), 8661-6425-6100-5678-4922, valid until May 2029

LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in any transaction.

We understand that the building has not been Opted to Tax, therefore the sale should not attract VAT.

VIEWINGS / ENQUIRIES
No approach to the current occupiers is permitted.

For any enquiries and further information, please contact Trinity Rose Commercial on , or email