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16 East St 1,951 sq ft Retail Property Southampton SO14 3HG £190,000 (£97.39/sq ft) 10.79% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prime location
- Upwards only rent reviews
- Suitable for a SIPP
EXECUTIVE SUMMARY
Comprises American-style sports bar arranged over the ground and first floors.Entire property let until April 2034. Rent deposit held of £11,250.
Benefits from proximity to £132m regeneration of Bargate Quarter – the scheme will create 519 new homes along with 2,515 sq m of commercial space.
Benefits from proximity to £132m regeneration of Bargate Quarter – the scheme will create 519 new homes along with 2,515 sq m of commercial space.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront
Property Size
1,951 sq ft
Costar Property Class
B
Year Built
1960
Price
£190,000
Price per sq ft
£97.39
Yield
10.79%
NOI
£20,501
Tenancy
Single
Number of Floors
2
Plot ratio
0.65
Total Plot Size
0.07 ac
Parking
2 Spaces (1.03 Spaces per 1,000 sq ft Leased)
Frontage
17 ft on East St
AMENITIES
- Dedicated Turn Lane
- Signage
- Storage Space
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NEARBY MAJOR RETAILERS
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16 East St
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