Guide price
£115,000
Retail premises for sale16 High Street, Hythe, Southampton, Hampshire SO45
Auction
Leasehold
About this property
Guide Price = £115,000+
**For Sale By Public Auction 25th November 2026 11:00 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Mid Terrace Building Arranged to Provide a Ground Floor Commercial Unit Let Producing £12,000 Per Annum (Reflecting a Gross Initial Yield of 10.4% on the Guide Price) and a First Floor Flat (Sold Off on a Long Lease).
Tenure
Freehold
Location
The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Domino's Pizza, Waitrose and Boots. The open spaces of Hythe Pier are within easy reach. Transport links are provided by Beaulieu Road rail station.
Description
The property comprises a mid terrace building arranged to provide a ground floor commercial unit and a first floor flat (sold off). The shop benefits from front and rear access.
Accommodation
Ground Floor
Commercial Unit
Kitchen
WC
G.I.A Approx 58 sq m
First Floor
Flat - Not Inspected
Exterior
The property benefits from one parking space to the rear.
Tenancy
The ground floor unit is subject to a lease for a term of 5 years commencing 1st November 2026 at a rent of £1,000 per calendar month. We understand the current rent is £800 per calendar month for the first 3 months of the agreement.
The first floor flat is sold off on a long lease at peppercorn ground rent. Please refer to the legal pack for further information.
Viewing Appointments to be Confirmed
**For Sale By Public Auction 25th November 2026 11:00 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Mid Terrace Building Arranged to Provide a Ground Floor Commercial Unit Let Producing £12,000 Per Annum (Reflecting a Gross Initial Yield of 10.4% on the Guide Price) and a First Floor Flat (Sold Off on a Long Lease).
Tenure
Freehold
Location
The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Domino's Pizza, Waitrose and Boots. The open spaces of Hythe Pier are within easy reach. Transport links are provided by Beaulieu Road rail station.
Description
The property comprises a mid terrace building arranged to provide a ground floor commercial unit and a first floor flat (sold off). The shop benefits from front and rear access.
Accommodation
Ground Floor
Commercial Unit
Kitchen
WC
G.I.A Approx 58 sq m
First Floor
Flat - Not Inspected
Exterior
The property benefits from one parking space to the rear.
Tenancy
The ground floor unit is subject to a lease for a term of 5 years commencing 1st November 2026 at a rent of £1,000 per calendar month. We understand the current rent is £800 per calendar month for the first 3 months of the agreement.
The first floor flat is sold off on a long lease at peppercorn ground rent. Please refer to the legal pack for further information.
Viewing Appointments to be Confirmed
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Monthly repayment
£575 per month
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