Retail premises for sale in Shirley Road, Southampton, Hampshire SO15

Trinity Rose Commercial are instructed to sell this freehold commercial investment, which includes a mid-terraced three-story building with an additional ground floor conversion to the rear. The buildings comprise 1 x Retail Shop, 1 x 2-Bed top floor apartment and 5 x Studio Flats. The residential flats have been re-developed/converted in 2022 and a full breakdown of the accommodation and dimensions can be found in the schedule below.

Rateable value

The ground floor retail unit has a rateable value of £7,100 as per 1st April 2023.

EPC rating

Current EPCs are in place for all units and further details of the assessments are available on request

Legal costs and VAT

Each party is expected to bear their own legal costs in this transaction. We understand that this property is not elected for VAT.

Tenure

We are instructed to seek offers in excess of £925,000 for the freehold interest subject to the subsisting leases, equating to an approximate gross yield of 8.45%.

Viewings

Strictly by appointment with whom all negotiations must be conducted. Please contact Brett Colman at Trinity Rose Commercial on or email: <br /><br />The property is prominently situated on Shirley Road in central Southampton, in a densely populated residential location with a large number of well-established retailers and commercial occupiers, approximately 2 miles from Southampton City Centre. Businesses include food stores, cafes, restaurants, chemist, hairdresser and butcher. Occupiers such as McDonalds, Peter Cooper, Lidl, Easygym and Tesco are all nearby.