This property is no longer on the market
Retail property (high street)
Property description & features
LOCATION
Situated along the northern edges of Southampton, this property benefits from forming a busy row of retail units close to The Ageas Bowl Cricket Stadium.
Situated close to the M27 motorway towards Southsea.
DESCRIPTION
The unit is currently occupied by a Chinese-Takeaway which benefits from being close to various retail and leisure units including nearby public houses and supermarket.
Currently held on a long-leasehold tenure covered by the '54 Act giving the tenant the right to renew their current lease on the same terms.
15-year lease beginning in 2017 - having nine years remaining.
The tenant is paying £13,720pa with three-yearly rent reviews under the current lease.
ACCOMMODATION
See attached plans.
Ground-floor retail area measures 54.8sqm with first-floor storage measuring 29.7sqm.
Ground-floor retail unit with storage above.
TERMS
Freehold investment with a Leasehold Tenant.
OUTGOINGS
Current rateable value being £6,400 with the tenant paying half of this.
VAT
Not Applicable.
LEGAL COSTS
Each party bares their own costs.
VIEWING
By appointment with Kings Estates as the sole vendor.
Places of interest
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Property reference 103592000620. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Kings Estates - Guildford.
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Broadband availability and predicted speed
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Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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