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Amplevine House 76 Dukes Rd 5,908 sq ft 100% Let Office Property Southampton SO14 0ST £550,000 (£93.09/sq ft) 9.55% Net Initial Yield
Investment Highlights
- Detached freehold office investment
- Prominent roadside Southampton location
- Excellent access to M27, rail and airport connections
Executive Summary
Freehold detached office investment producing a passing rent of £52,500 per annum from a full repairing and insuring lease to Hobby House Models (Amplevine House) Ltd. The lease expires on 17 September 2030 and includes a tenant-only break option on 17 September 2027. At the asking price of £550,000 the investment reflects a gross yield of 9.55%. The property benefits from strong roadside prominence, secure parking, modern office specification and excellent connectivity to Southampton and the M27 motorway network.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
5,908 sq ft
Costar Property Class
B
Year Built
1992
Price
£550,000
Price per sq ft
£93.09
Yield
9.55%
NOI
£52,525
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
1,969 sq ft
Plot ratio
0.68
Total Plot Size
0.20 ac
Parking
4 Spaces (0.68 Spaces per 1,000 sq ft Leased)
Amenities
- Security System
- Storage Space
- Air Conditioning
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Amplevine House | 76 Dukes Rd
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