Eastleigh is located approximately 5 miles north of Southampton and 9 miles south of Winchester; both accessed via Stoneham Way/Thomas Lewis Way and M3 respectively.
The subject property is located in a prime trading position on Wells Place, opposite The Swan Centre and within walking distance of Eastleigh Train Station.
Nearby occupiers include, Tesco Metro, Caffe Nero and McDonald's along with other national occupiers located in Market Street and in The Swan Centre, these include, Boots, H and M, TK Maxx, WH Smith, Argos and many more.
The retail unit comprises ground floor sales area and a kitchen and WC on first floor. The second floor comprises a 2 bed flat benefiting from separate rear access.
Commercial Floor Area
Ground Floor Store Area - 603 sq ft (56.05 sq m)
First Floor Kitchen - 45 sq ft (4.19 sq m)
Total - 648 sq ft (60.24 sq m)
Residential - 516.67 (48m2
We understand the property benefits from A1 (Retail) however interested parties are advised to make their own enquiries with Eastleigh Borough Council.
Asset Rating - C62
Rateable Value £11,500
Offers considered in the region of £415,000 subject to contract for the freehold interest with the benefit of the existing lease agreements. A purchase at this level realises a net initial yield of 5.8% after deducting purchasers costs of 3.8%.
( Agency Pilot Software Ref: 6433 )