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Hampton Lane, Blackfield, Southampton, Hampshire, SO45

For sale: £525,000.00|4,326 Sq Ft|Light Industrial, Other, Residential, Industrial, Other Property Types & Opportunities

Property details

FOR SALE£525,000.00
SIZE4,326 Sq Ft
ADDRESSHampton Lane, Blackfield, Southampton, Hampshire, SO45
TYPELight Industrial, Other, Residential, Industrial, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON10th October 2021

Description

FREEHOLD INDUSTRIAL/RESIDENTIAL INVESTMENT PROPERTY PRODUCING £36,600 PER ANNUM. A semi-detached 2 storey property. The ground floor is a motor vehicle workshop and MOT garage with forecourt parking leased to the same tenant for many years https://www.blackfieldgarage.co.uk/. It benefits from a large pit for MOT works, MOT Licence, 3 phase electric, gas hot air blowers and LED strip lights.
The garage is let on a 20 year full repairing and insuring lease from 01 January 2021 to a Mr P.C.Cousins at £18,000 per annum exclusive.
The upper floors have been converted into 3 self contained flats with a separate access at the side of the building. All the flats have gas central heating, UPVC double glazing and velux windows in the bedrooms.
Flat 1 has been let to the same tenant since May 2018 at £575 pcm.
Flat 1a has been let to the same tenant since September 2016 at £450 pcm.
Flat 2 has been let to the same tenant since August 2019 at £525 pcm.
Total rental income £36,600 per annum.

( Agency Pilot Software Ref: 723 )

Location

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Location: Hampton Lane, Blackfield, Southampton, Hampshire, SO45

Netley (4.1 miles)

Hamble (4.1 miles)

Bursledon (5.4 miles)

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