Retail premises for sale in 12 St. Johns Centre, Hedge End, Southampton, Hampshire SO30

Description

Southampton is a major commercial centre located on the south coast in the county of Hampshire. Hedge End 'village' is situated approximately 6 miles east of Southampton just off Junction 8 of the M27 motorway. The property is in a modern parade known as St John's Centre close to the junction of St Johns Road and Upper/Lower Northam Road.

The property comprises a modern single storey retail space with large shared customer parking to the rear.
Note: There may be longer term scope for creation of a first floor flat in the roof space.

Accommodation

Total Net Internal Area 629 Sq Ft 58.43 Sq M

Planning

Interested parties are advised to make their own enquiries of the Local Authority for confirmation.

EPC Text

Asset Rating - C (58)

Terms

Offers considered in the region of £220,000 subject to contract for the freehold interest subject to and with the benefit of the subsisting tenancy as outlined below.
A purchase at this level will show a net initial yield of 6.65% after allowance for usual buyer's costs at 2.43% and a reversionary yield of 7.86% based on our assessment of market rent at review.