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The Arts Complex 144-152 Above Bar St 26,453 sq ft 100% Let Retail Property Southampton SO14 7DU £4,950,000 (£187.12/sq ft) 9.17% Net Initial Yield
EXECUTIVE SUMMARY
The long leasehold of this retail/ leisure investment opportunity is available for the guid price of £4.95 million, providing a yield of 9.17%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
26,453 sq ft
Costar Property Class
C
Year Built
2015
Price
£4,950,000
Price per sq ft
£187.12
Yield
9.17%
NOI
£453,915
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.49
Total Plot Size
1.23 ac
Parking
52 Spaces (1.97 Spaces per 1,000 sq ft Leased)
Frontage
135 ft on Above Bar Street
AMENITIES
- Bus Route
- Freeway Visibility
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
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NEARBY MAJOR RETAILERS
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The Arts Complex | 144-152 Above Bar St
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