Commercial property for sale in St. Mary Street, Southampton, Hampshire SO14

£230,000 (£248.38/sq. ft)
Interested in this property? Call +44 23 8210 9196 * or Request Details

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Commercial property for sale

926 sq. ft*

Property features

  • Income Producing
  • Popular Location
  • Initial Yield of 7.30%

Property description

A mid terrace 3 storey investment property. The ground floor is a retail shop used as an Indian takeaway. There is a front servery with rear kitchen stores / staff facilities and a basement which is used for storage.

The lease has been assigned with 8 years unexpired to bs Saman Ltd, trading as Basil and Bay. This assignment is subject to an Authorised Guarantee Agreement of 6 months rent. The current rent is £7,500 per annum. There are 3 yearly rent reviews from June 2020.

The residential upper floors comprise a 2 bedroom flat with independent access from St Mary Street. This is let on an assured short term tenancy for £9,300 per annum.. The flat has gas central heating, some double glazing, fitted kitchen and bathroom.

Please note that the pictures of the flat are from 2022.

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
Keygrove Chartered Surveyors, SO14 on +44 23 8210 9196 * (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 Keygrove Chartered Surveyors, and do not constitute property particulars. Please contact Keygrove Chartered Surveyors 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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