Retail/Shop for sale Southampton SO30 4QU,629sq ft

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Retail/Shop

Retail/Shop For Sale Southampton

PROPERTY ID: 137650

PROPERTY TYPE

Retail/Shop

STATUS

Under Offer

SIZE

629 sq.ft

Key Features

Guide Price £220,000

Gross rent £15,000 per annum

Ideal private investor lot

Excellent covenant with, in excess of six years remaining

Modern building in excellent trading location

No VAT payable, small lot size

Property Details

Total Net Internal Area 629 Sq Ft 58.43 Sq M

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.

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About the Agent

Primmer Olds B.A.S

See Agent's Other Properties

Retail Unit

£220,000 Freehold

12 St. Johns Centre, Southampton, SO30 4QU

Retail/Shop - Under Offer
629 sq ft
58 sqm

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