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435 Millbrook Rd 845 sq ft 100% Let Retail Property Southampton SO15 0HX £375,000 (£443.79/sq ft) 8.74% Net Initial Yield
EXECUTIVE SUMMARY
Offers considered in the region of £375,000, subject to the two AST’s and a new tenancy for the retail as set out below. A purchase at this level will show a gross initial yield of 8.74%.
Note: Currently the ground floor is held via a separate long leasehold title. We are proposing to sell both the leasehold and freehold titles in a single transaction.
Note: Currently the ground floor is held via a separate long leasehold title. We are proposing to sell both the leasehold and freehold titles in a single transaction.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
845 sq ft
Costar Property Class
B
Year Built
1900
Price
£375,000
Price per sq ft
£443.79
Yield
8.74%
NOI
£32,775
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Parking
1 Spaces (1.18 Spaces per 1,000 sq ft Leased)
Frontage
19 ft on Millbrook Rd
AMENITIES
- Dedicated Turn Lane
- EPC - D
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NEARBY MAJOR RETAILERS
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435 Millbrook Rd
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