£825,000
(£162.11/sq. ft)
Property for saleCarlton Crescent, Southampton, Hampshire SO15
5,089 sq. ft
Just added
Available immediately
Leasehold
About this property
£66,000 Current Income
£84,000 Fully Let Income
8% Gross Initial Yield and 10.18% Reversionary Yield
Well Established Tenants
£5.25 psf Service Charge Provision
An attractive multi-let office investment in a Grade II listed period building within Southampton's popular Carlton Crescent area.
The property is arranged over five floors, including a lower-ground-floor suite, and provides a range of office and commercial suites occupied by a mix of well-established businesses. There is private car parking at the front of the property and a large private rear car park.
The investment currently produces an annual income of £66,000, with potential to increase to approximately £84,000 per annum upon letting the vacant second-floor suite. Presently used by the owner for storage, this 1,088 sq ft suite comprises an open-plan office, a private meeting room and a generous kitchen, together with three allocated parking spaces. The suite will be cleared prior to sale completion, ready for marketing. As the property is Grade II listed, empty business rates are not payable whilst the suite remains vacant.
Full details of the occupational tenancies are set out in the tenancy schedule, overleaf.
The building benefits from a service charge arrangement, through which tenants contribute towards the maintenance, repair and management of the property. Further information is provided in the Service Charge section of this brochure.
The property is arranged over five floors, including a lower-ground-floor suite, and provides a range of office and commercial suites occupied by a mix of well-established businesses. There is private car parking at the front of the property and a large private rear car park.
The investment currently produces an annual income of £66,000, with potential to increase to approximately £84,000 per annum upon letting the vacant second-floor suite. Presently used by the owner for storage, this 1,088 sq ft suite comprises an open-plan office, a private meeting room and a generous kitchen, together with three allocated parking spaces. The suite will be cleared prior to sale completion, ready for marketing. As the property is Grade II listed, empty business rates are not payable whilst the suite remains vacant.
Full details of the occupational tenancies are set out in the tenancy schedule, overleaf.
The building benefits from a service charge arrangement, through which tenants contribute towards the maintenance, repair and management of the property. Further information is provided in the Service Charge section of this brochure.
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£4,127 per month
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