Retail premises for sale in Bitterne Road, Southampton SO18

Fixed price £550,000 (£246.97/sq. ft)
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Retail premises for sale 2,227 sq. ft*

Property features

  • Comprises Mental Health Clinic Hub arranged over Ground and First Floor. (Class
  • Entire property Let to nhs Foundation Trust
  • Nearby occupiers include Lloyds Bank, Pure Gym, Iceland and Superdrug, amongst o

Property description

Investment Consideration:
Gross Initial Yield: 6.36%
Rental Income: £35,000 p.a.
VAT is not applicable to this property
Comprises Mental Health Clinic Hub arranged over Ground and First Floor. (Class E)
Entire property Let to nhs Foundation Trust
Nearby occupiers include Lloyds Bank, Pure Gym, Iceland and Superdrug, amongst others.

Property Description:
Comprises mental health clinic hub arranged over ground and first floor, providing the following accommodation and dimensions:
Ground Floor: Clinic 105 sq m (1,130 sq ft)
First Floor: Ancillary 102 sq m (1,097 sq ft)
Total area size: 207 sq m (2,227 sq ft)

Tenancy:
The entire property is at present let to Southern Health nhs Foundation Trust for a term of 10 Years from 4th July 2022 at a current rent of £35,000 p.a. And the lease contains full repairing and insuring covenants. Rent review linked to rpi in the 5th Year. Tenant option to determine in the 5th Year with minimum 6 months notice. Lease within Landlord & Tenant Act 1954.

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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