Property photos
£635,000
(£203.27/sq. ft)
Property for sale
Shirley High Street, Southampton, Hampshire SO163,124 sq. ft
Available immediately
Local area information
Property location
Nearby amenities
- Wordsworth Primary School 0.1 miles
- Foundry Lane Primary School 0.2 miles
- Millbrook (Hants) 0.8 miles
- Southampton Central 1.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- New 15 Year Commercial Lease
- Subject To Planning Offers Invited
- Estimated £63,500 Reversionary Income
- Commercial Tenant Well Established For 35+ Years
An excellent opportunity to acquire a well located mixed-use investment comprising a ground floor retail unit let to a highly established tenant, alongside a first floor residential development opportunity with significant value-add potential.
The ground floor is let to Landmark Entertainments Ltd, trading as Richmond Leisure, a long-standing adult gaming centre operator who have traded from the premises for over 35 years. The tenant will enter into a new 15-year Fri lease (tenant break at year 10) at an initial rent of £27,000 per annum, with 5-yearly upward only rent reviews. A rent deposit will be provided, and strong full company accounts are available upon request.
The first floor is currently arranged as a spacious 2-bedroom flat to the front and office accommodation to the rear. A planning process initiated in 2019 proposed reconfiguration of the upper parts to create 2 x 1-bedroom flats and 2 x studio flats. Architect's plans and historic planning documents are available upon request. Once developed, the flats are anticipated to generate a rental income in excess of £36,500 per annum.
Subject-to-planning offers will be considered.
The ground floor is let to Landmark Entertainments Ltd, trading as Richmond Leisure, a long-standing adult gaming centre operator who have traded from the premises for over 35 years. The tenant will enter into a new 15-year Fri lease (tenant break at year 10) at an initial rent of £27,000 per annum, with 5-yearly upward only rent reviews. A rent deposit will be provided, and strong full company accounts are available upon request.
The first floor is currently arranged as a spacious 2-bedroom flat to the front and office accommodation to the rear. A planning process initiated in 2019 proposed reconfiguration of the upper parts to create 2 x 1-bedroom flats and 2 x studio flats. Architect's plans and historic planning documents are available upon request. Once developed, the flats are anticipated to generate a rental income in excess of £36,500 per annum.
Subject-to-planning offers will be considered.
Floor plans and tours
Floor plans (1)
More information
Listed by
Keygrove Chartered Surveyors
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Property descriptions and related information displayed on this page are marketing materials provided by - Keygrove Chartered Surveyors. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Keygrove Chartered Surveyors for full details and further information.