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More details for 112 Shirley High St, Southampton - Retail 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 Southampton, UK

FAQs about Southampton Shopfront Properties For Sale

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How many Shopfront listings are available for sale in Southampton?
There are currently 2 Shopfront Properties on the market in and around Southampton.
How much does it cost to buy Shopfront in Southampton?
Asking prices in Southampton range from £70 to £283, with a median of £177. Price depends on size, tenure and condition.

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