Retail premises for sale in Bitterne Road, Southampton SO18

Fixed price £550,000 (£248.08/sq. ft)
Interested in this property? Call +44 20 3641 9157 * or Request Details

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Retail premises for sale 2,217 sq. ft*

Property features

  • Comprises Retail Shop and 2 Flats
  • Rear ground floor flat newly converted in 2022
  • First floor flat recently refurbished in 2022
  • Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdru

Property description

Investment Consideration:
Rental Income: £20,400
erv: £38,400 p.a. Giy: 6.98%
VAT is not applicable to this property
Comprises Vacant Ground Floor Shop and 2 Residential Flats (1 x 1-Bed and 1 x 2-Bed)
Rear ground floor flat newly converted in 2022
First floor flat recently refurbished in 2022
Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst others.

Property Description:
Comprises vacant ground floor shop and 2 residential flats, providing the following accommodation and dimensions:
Ground Floor Front: Shop 75 sq m (807 sq ft)
Ground Floor Rear: 1-Bed Flat 56 sq m (603 sq ft)
First Floor: 2-Bed Flat 75 sq m (807 sq ft)
Total area size: 206 sq m (2,217 sq ft)

Tenancy:
No. 432 Shop - The property is at present vacant. Erv: £18,000 p.a.
No. 432A Flat is at present let on AST to an Individual for a term of 12 Months from 15th August 2022 at a current rent of £10,800 per annum.
No. 432B Flat is at present let on AST to an Individual for a term of 12 Months from 26th August 2022 at a current rent of £9,600 per annum.

Location:
Southampton is the main commercial and administrative centre of Hampshire and is located 70 miles south-west of Central London. Bitterne is a suburb located to the east of the City Centre. The city benefits from excellent road communications via the M27 and M3 Motorways. Bitterne Rail Station provides regular services to London via Southampton. The property is situated on the south side of Bitterne Road fronting the pedestrianised section, in the heart of the retail area. Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst many more.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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