Shirley High Street, Southampton, Hampshire, SO16 4EZ
Size
3,124
Tenure
Ask agent
EPC
Ask agent
Parking
Ask agent
- Primary use
- Mixed use
- Other use(s)
- Mixed use
Key features
- New 15 Year Commercial Lease
- Subject To Planning Offers Invited
- Estimated £63,500 Reversionary Income
- Commercial Tenant Well Established For 35+ Years
Description
The ground floor is let to Landmark Entertainments Ltd, trading as Richmond Leisure, a long-standing adult gaming centre operator who have traded from the premises for over 35 years. The tenant will enter into a new 15-year FRI lease (tenant break at year 10) at an initial rent of £27,000 per annum, with 5-yearly upward only rent reviews. A rent deposit will be provided, and strong full company accounts are available upon request.
The first floor is currently arranged as a spacious 2-bedroom flat to the front and office accommodation to the rear. A planning process initiated in 2019 proposed reconfiguration of the upper parts to create 2 x 1-bedroom flats and 2 x studio flats. Architect's plans and historic planning documents are available upon request. Once developed, the flats are anticipated to generate a rental income in excess of £36,500 per annum.
Subject-to-planning offers will be considered.
- Service charge
- Ask agent
- Business rates
- Ask agent
- Use class
- Ask agent
- Listed building
- Ask agent
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsAsk agent
- BREEAM rating
- Ask agent
- Environmental description
- Ask agent
Brochure
Shirley High Street, Southampton, Hampshire, SO16 4EZ
About Keygrove Commercial Limited, 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 landlords, tenants, investors, owner occupiers and property professionals across the commercial property sector; including offices, industrial, warehouse, retail, motor trade and development land. We do business locally, regionally and nationally with all sizes of organisation.
Your search history
You have no recent searches
Disclaimer - Property reference 1042FH. 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 Commercial Limited, 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.