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Under OfferFor sale: POA

491-497 Bitterne Road East, Bitterne, Southampton SO18 5EQ

Retail, Flat, Residential Land, General Retail, Other, Residential, Other Property Types & Opportunities , 8200 Sq Ft
Property type: Retail, Flat, Residential Land, General Retail, Other, Residential, Other Property Types & Opportunities
Tenure: Development Opportunity, Investment Opportunity, Under Offer, For Sale Freehold
Size: 8200 Sq Ft
Price: POA
Location: 491-497 Bitterne Road East, Southampton, SO18 5EQ
LOCATION & DESCRIPTION
The premises are situated in a prominent main road position on Bitterne Road East close to the centre
of Bitterne, midway between (approx 2 miles) Southampton City Centre and the M27, junction 7. The
property comprises a number of buildings as detailed below, mostly let and income producing for now
but with vacant possession coming up around the end of 2019 if required.
We believe there is scope for the construction of further flats above 495/497 (Premier Workwear) and
the rear store (which has an asbestos roof) is vacant and possibly suitable for redevelopment. The
adjoining bungalow at the rear, 14 Commercial St, currently let on an AST could also be made available
Interested parties are advised to make their own planning enquiries if required. An Asbestos Report is
being prepared.
ACCOMMODATION
491/493 A ground floor retail unit of approx. 2000 sq ft, let to Wessex Childrens Hospice Trust trading
as Naomi House, on a 10 year lease expiring October 2019 at a rent of £14000 pa exclusive. EPC: C 68
495/497 Another ground floor retail unit of approx 3600 sq ft, trading as Premier Workwear, on a lease
expiring December 2019, at a passing rent of £20000 pa exclusive. The existing tenant has indicated
that he might be prepared to scale down his retail area somewhat, thereby releasing a possible unit that
could be created and let to a third tenant. EPC: C 61
Flat 1, 493 A first floor self-contained flat with 2 bedrooms and 2 reception rooms, let on an AST at a
rent of £750 per month. EPC: G 14
Store to the rear of 497 This is a detached storage building with an internal mezzanine totalling about
2600 sq ft although we have not verified this with on site measurements. Vacant and possibly suitable
for redevelopment, subject to planning.
Total existing income therefore £45000 pa
TERMS
For sale freehold as a whole with offers invited in excess of £550,000 subject to the subsisting
tenancies.
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