399 Shirley Road, Southampton
Size
2,120
Tenure
Freehold
EPC
Parking
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- Primary use
- Mixed use
No floor / site plan
Key features
- High Yielding Mixed Use Investment
- Retail Unit and Six Flats
- Fully Let to Seven Tenants
- Retail Let on New 15 Year Lease with RPI Linked Reviews
- 2,120 sq ft (197 sq m)
- VAT-Free Investment
- Investment Let at £75,520 p.a. (12.08% GIY on Guide Price)
Description
Arranged as a ground floor retail unit with six flats to the rear and upper parts, the property is fully let to separate tenants producing a combined rent of £75,520 per annum.
The ground floor is let on a new 15 year lease expiring 05.05.2041 and includes 5 yearly RPI linked rent reviews.
The residential units comprise 5 x studio flats and 1 x two bedroom flat, all are let to private individudals on periodic tenancies offering a diverse income stream.
The property occupies a prominent pitch fronting Shirley Road, with access to the residential units via both the front and rear. The street forms an arterial route connecting Shirley and Central Southampton and follows on from Shirley High Street. The surrounding area is characterised by similar mixed uses, with nearby national retailers including JD Wetherspoon, Tesco and McDonalds.
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
- Environmental description
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Brochure
399 Shirley Road, Southampton
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Disclaimer - Property reference 06218DF3-EF73-478D-A4F6-3D845BB188B1. 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.