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423 Shirley High Road, Shirley, Southampton.

For sale: £225,000.00|436 Sq Ft|Retail

PROPERTY DETAILS

FOR SALE£225,000.00
SIZE436 Sq Ft
ADDRESS 423, Shirley Road, Southampton, SO15 3JF
TYPERetail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON18th September 2019

DESCRIPTION

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.

ACCOMMODATION

Ground floor retail unit

Total Net Area 436 sq ft

WC Small rear garden Rear access
TERMS

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.

PRICE

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

LOCATION

Location: 423, Shirley Road, Southampton, SO15 3JF

Millbrook (Hants) (0.8 miles)

Southampton Central (1.2 miles)

Redbridge (1.6 miles)

AGENT'S DETAILS

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