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UKInternational LOCATION / TOWN:
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KEYWORDS:
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  • Property Types: Detached Attached Flat / Apartment Bungalow Land Park Home
  • Added:
  • Include Under Offer, Sold STC
  • New build homes:
  • Buying Schemes:
  • Retirement:
  • Auction
  • Garden
  • Parking
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Property for sale
Shirley, Southampton, Hampshire
Guide Price* £1,600,000
  • Three storey corner property
  • Ground floor retail unit (3,472sqft)
  • 12no. apartments to upper floors
  • 11/13 units currently let
  • Current annual income of ¿108,300
  • Freehold title
 

FOR SALE BY ONLINE AUCTION: terms and conditions apply.
We are pleased to offer to auction this huge investment portfolio, excellently located on a prominent corner position on Romsey Road, Shirley, Southampton. The property comprises a 3,472sqft retail unit to the ground floor, with 12no. residential apartments (10x 2 bed, 2x 1 bed) to the first and second floors. Currently, the retail unit and 10 out of 12 flat are tenanted, generating a rental income of £108,300 per annum (with potential for roughly £125,000pa when fully let).
Please note we have not inspected this property.

Tenure: Freehold


Location 
The subject property is located along Romsey Road, Shirley. The property is well located being close to all local amenities such as Sainsbury's, Wilko and a range of restaurants and takeaways. The subject property is located close to local transport links with the closest bus stop being a minutes walk along the road and Southampton Central Station being 1.7 miles away. The property is 79 miles west of London and 31 miles east of Bournemouth.

Accommodation 
GROUND FLOOR Retail area: 255.5sqm Storage: 45.8sqm Staff area: 21.3sqm NIA: 322.6sqm (3,472sqft) UPPER FLOORS 10x two bedrooms apartments 2x one bedroom apartments All flats have kitchen and bathroom facilities.

Lease Details 
The units are currently let for the following rents: Ground floor retail unit: ¿30,000pa (holding over) Flat 1: ¿675pcm Flat 2: ¿700pcm Flat 3: ¿400pcm Flat 4: ¿700pcm Flat 5: ¿650pcm (holding over) Flat 6: ¿750pcm (holding over) Flat 7: ¿650pcm Flat 8: ¿700pcm Flat 9: currently vacant Flat 10: currently vacant Flat 11: ¿600pcm Flat 12: ¿700pcm (holding over) This totals a current rental income of ¿108,300 per annum, with potential to increase to roughly ¿125,000 per annum when fully let. All tenancy agreements will be available within the legal pack.

Tenure 
Freehold. Title number HP297060.

Rateable Value 
The adopted rateable value is ¿32,500 as effective from 01 APRIL 2017. Sourced from VOA.

EPC 
Available upon request (C, D, D, D, D, D, D, E, E, E, E, E, E).

Additional Information 
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Pattinson Estate Agents, Commercial
0191 687 0258
PROPERTY LISTINGS
Brochure
Download EPC for this property

UKInternational LOCATION / TOWN:
MIN BEDROOMS:
KEYWORDS:
|
  • Property Types: Detached Attached Flat / Apartment Bungalow Land Park Home
  • Added:
  • Include Under Offer, Sold STC
  • New build homes:
  • Buying Schemes:
  • Retirement:
  • Auction
  • Garden
  • Parking