LOCATION & DESCRIPTION
Shirley is the largest of Southampton’s suburbs and Shirley Road/Shirley High St forms the principal arterial route through the area, with many prime retail occupiers represented as can be seen on the attached Goad plan. This property is next door to Barclays Bank, adjacent to Santo Lounge, a Loungers coffee bar, Roosters and Coffee #1, and opposite a planned new Lidl, to be constructed soon.
A single storey property it is let to a limited company who trade as Fone Revive, a mobile phone repair and accessories business. Our clients have a genuine reason for selling.
Ground floor retail unit
Total Net Area 436 sq ft
WC Small rear garden Rear access
The premises are let to Century 21 Mobiles Ltd, on a 10 year FRI lease from April 2018, with a 5 yearly upward only rent review, at a passing rent of £14,000 pa exclusive. There are therefore, 8 ½ years remaining to the end of the lease.
There is no VAT applicable.
The freehold is for sale subject to the subsisting lease at a price of £225,000 representing a net initial yield of 6.1%.
EPC: D – 82
RV - £10,500