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22-24 Commercial Rd 2,987 sq ft 100% Let Retail Property Totton SO40 3BY £740,000 (£247.74/sq ft)

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INVESTMENT HIGHLIGHTS

Freehold double shop and 5 flats
4 Studio flats of 419 sq ft each and a 1 bedroom flat of 688 sq ft
Ground floor double retail unit let to Solar Hut Ltd on a term of 10 years (TBO 5th year) for £14,950 p.a.

Ground floor retail unit of 778 sq ft
Newly refurbished
Flats all let on AST's to individual tenants, with a rent deposit held for £46,920 p.a.

EXECUTIVE SUMMARY

• Freehold double shop and 5 flats
• Ground floor retail unit of 778 sq ft
• 4 Studio flats of 419 sq ft each and a 1 bedroom flat of 688 sq ft
• Newly refurbished

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Shopfront Retail / Office

Property Size

2,987 sq ft

Costar Property Class

Year Built

1956

Price

£740,000

Price per sq ft

£247.74

Occupancy Rate

100%

Tenancy

Multiple

Number of Floors

Frontage

22 ft on Commercial Rd

Storage Space

Air Conditioning

MAJOR TENANTS

Fntc Training & Consultancy
Educational Services
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Finance and Insurance
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