Shopfront Properties for sale in the Shirley Warren, Southampton

Commercial Property in Shirley Warren available for sale

Explore the Latest Shirley Warren, Southampton Shopfront Properties for Sale

112 Shirley High St

Southampton, SO16 4EZ

Retail for Sale
£635,000
1,713 sq ft

Southampton Retail for Sale

An excellent opportunity to acquire a well located mixed-use investment comprising a ground floor retail unit let to a highly established tenant, alongside a first floor residential development opportunity with significant value-add potential. The ground floor is let to Landmark Entertainments Ltd, trading as Richmond Leisure, a long-standing adult gaming centre operator who have traded from the premises for over 35 years. The tenant will enter into a new 15-year FRI lease (tenant break at year 10) at an initial rent of £27,000 per annum, with 5-yearly upward only rent reviews. A rent deposit will be provided, and strong full company accounts are available upon request. The first floor is currently arranged as a spacious 2-bedroom flat to the front and office accommodation to the rear. A planning process initiated in 2019 proposed reconfiguration of the upper parts to create 2 x 1-bedroom flats and 2 x studio flats. Architect's plans and historic planning documents are available upon request. Once developed, the flats are anticipated to generate a rental income in excess of £36,500 per annum. The premises are available freehold with the benefit of the new lease at a rent of £27,000 per annum. Flat rental income upon development completion is estimated at £36,500 per annum. Offers are invited in excess of £635,000. Subject to Planning offers will be considered.

Contact:

Keygrove Chartered Surveyors

Property Subtype:

Shopfront

Date on Market:

29/04/2025

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Shopfront Properties for Sale Within 5 miles of the Shirley Warren, Southampton

15-17 Market St

Eastleigh, SO50 5RH

Retail for Sale
£500,000
2,975 sq ft

Eastleigh Retail for Sale

Freehold for sale. Guide price of £500,000. The ground floor, currently a well-proportioned double width retail unit arranged in open plan, benefits from a fully glazed shopfront, acoustic tiled ceilings, fluorescent lighting, an air conditioning cassette for both heating and cooling, plus carpet tiled flooring. There is rear access for deliveries and local parking. The first floor provides two ancillary areas for storage, toilets and a kitchenette and is accessed from the ground floor retail unit. This mid-terraced, double retail unit forms part of a parade of similar two storey buildings, being approximately mid-way between Leigh Road and Wells Place. Consequently, national and local retailers include Specsavers, Costa, Santander, Connells, Subway, Three, Greggs, whilst the long-established Swan Shopping Mall / Centre is nearby. Eastleigh main line railway station is a short walking distance away. Southampton Parkway with the adjoining Southampton Airport serving both national and continental flights, is accessed off Wide Lane / junction 5 of the M27 motorway allowing easy access to the M3 and further afield via the national motorway network.