Property photos
Under offer
£220,000
(£349.76/sq. ft)
Retail premises for sale
12 St. Johns Centre, Hedge End, Southampton, Hampshire SO30629 sq. ft
Local area information
Property location
Nearby amenities
- Freegrounds Junior School 0.4 miles
- Freegrounds Infant School 0.4 miles
- Hedge End 1.4 miles
- Bursledon 2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Guide Price £220,000
- Gross rent £15,000 per annum
- Ideal private investor lot
- Excellent covenant with, in excess of six years remaining
- Modern building in excellent trading location
- No VAT payable, small lot size
Description
Southampton is a major commercial centre located on the south coast in the county of Hampshire. Hedge End 'village' is situated approximately 6 miles east of Southampton just off Junction 8 of the M27 motorway. The property is in a modern parade known as St John's Centre close to the junction of St Johns Road and Upper/Lower Northam Road.
The property comprises a modern single storey retail space with large shared customer parking to the rear.
Note: There may be longer term scope for creation of a first floor flat in the roof space.
Accommodation
Total Net Internal Area 629 Sq Ft 58.43 Sq M
Planning
Interested parties are advised to make their own enquiries of the Local Authority for confirmation.
EPC Text
Asset Rating - C (58)
Terms
Offers considered in the region of £220,000 subject to contract for the freehold interest subject to and with the benefit of the subsisting tenancy as outlined below.
A purchase at this level will show a net initial yield of 6.65% after allowance for usual buyer's costs at 2.43% and a reversionary yield of 7.86% based on our assessment of market rent at review.
Southampton is a major commercial centre located on the south coast in the county of Hampshire. Hedge End 'village' is situated approximately 6 miles east of Southampton just off Junction 8 of the M27 motorway. The property is in a modern parade known as St John's Centre close to the junction of St Johns Road and Upper/Lower Northam Road.
The property comprises a modern single storey retail space with large shared customer parking to the rear.
Note: There may be longer term scope for creation of a first floor flat in the roof space.
Accommodation
Total Net Internal Area 629 Sq Ft 58.43 Sq M
Planning
Interested parties are advised to make their own enquiries of the Local Authority for confirmation.
EPC Text
Asset Rating - C (58)
Terms
Offers considered in the region of £220,000 subject to contract for the freehold interest subject to and with the benefit of the subsisting tenancy as outlined below.
A purchase at this level will show a net initial yield of 6.65% after allowance for usual buyer's costs at 2.43% and a reversionary yield of 7.86% based on our assessment of market rent at review.
More information
Listed by
Primmer Olds BAS
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