Carlton Crescent, Southampton, Hampshire, SO15
Size
5,089
Tenure
Leasehold
EPC
Ask agent
Parking
15
- Primary use
- Commercial development
No floor / site plan
Key features
- £66,000 Current Income
- £84,000 Fully Let Income
- 8% Gross Initial Yield and 10.18% Reversionary Yield
- Well Established Tenants
- £5.25 psf Service Charge Provision
Description
The property is arranged over five floors, including a lower-ground-floor suite, and provides a range of office and commercial suites occupied by a mix of well-established businesses. There is private car parking at the front of the property and a large private rear car park.
The investment currently produces an annual income of £66,000, with potential to increase to approximately £84,000 per annum upon letting the vacant second-floor suite. Presently used by the owner for storage, this 1,088 sq ft suite comprises an open-plan office, a private meeting room and a generous kitchen, together with three allocated parking spaces. The suite will be cleared prior to sale completion, ready for marketing. As the property is Grade II listed, empty business rates are not payable whilst the suite remains vacant.
Full details of the occupational tenancies are set out in the tenancy schedule, overleaf.
The building benefits from a service charge arrangement, through which tenants contribute towards the maintenance, repair and management of the property. Further information is provided in the Service Charge section of this brochure.
- Service charge
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- Business rates
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- Use class
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- Listed building
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- Tenure
- Leasehold
- Length of lease
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsAsk agent
- BREEAM rating
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- Environmental description
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Brochure
Carlton Crescent, Southampton, Hampshire, SO15
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.
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Disclaimer - Property reference 1122FH. 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.