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Millies Tearooms, 5 The Marsh, Hythe, Southampton

Guide price

£110,000

Auction

Size

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Tenure

Freehold

EPC

Parking

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Primary use
Other

No floor / site plan

Key features

  • High Yielding Retail Investment
  • Ground Floor Retail Unit
  • Fully Let to Millie's Tea Room Ltd
  • Ten Year Lease Expiring 15.08.2028
  • 2023 Rent Review Outstanding
  • Asset Management Potential
  • Forms Part of a Popular Parade
  • Investment Let at £13,000 p.a. (11.8% GIY on Guide Price)

Description

The property comprises a high yielding retail investment forming part of a popular local parade.

Arranged as a ground floor retail unit, the property is fully let to Millie's Tea Room Ltd on a ten year lease expiring on 15.08.2028 and paying £13,000 per annum.

We consider the property offers asset management, with the 2023 outstanding rent review offering the opportunity to improve rent. Nearby units are paying £15,000 per annum.

The property occupies a prominent pitch and forms part of a popular parade fronting The Marsh in the retail heart of Hythe. The surrounding area is characterised by similar retail uses with a mix of local and national occupiers.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

Millies Tearooms, 5 The Marsh, Hythe, Southampton

NEAREST STATIONS

National Rail

Woolston Station

2.25 miles

National Rail

Sholing Station

2.41 miles

National Rail

Netley Station

2.54 miles

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Disclaimer - Property reference 9F9380AA-4F4B-4769-B4E2-E6396BBD3352. 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 Savills National , Savills Auctions- Commercial. 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.