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The property comprises a high yielding mixed use investment opportunity occpying a prominent pitch on a popular arterial route.
Arranged as a ground floor retail unit with six flats to the rear and upper parts, the property is let to six tenants producing a combined rent of £67,120 per annum with one vacant flat offering asset management potential.
The ground floor is let on a new 15 year lease expiring 05.05.2041 and includes 5 yearly RPI linked rent reviews.
The residential units comprise 5 x studio flats and 1 x two bedroom flat, let to private individudals on periodic tenancies offering a diverse income stream.
Flat 399c is currently vacant and offers immediate asset management potential via letting.
The property occupies a prominent pitch fronting Shirley Road, with access to the residential units via both the front and rear. The street forms an arterial route connecting Shirley and Central Southampton and follows on from Shirley High Street. The surrounding area is characterised by similar mixed uses, with nearby national retailers including JD Wetherspoon, Tesco and McDonalds.
Tenure
Freehold
Tenancy
Please see the Tenancy Schedule below for more information.
Rent