For Commercial Properties |
Investment - Retail High Street to Buy

Bedford Place, Southampton, SO15

£400,000 £176 /sf
2,276 sf
£400,000 £176 /sf
2,276 sf
The building is a mid-terrace building comprising basement, ground, first and second floors. The property is of mixed-use comprising ground floor retail premises, currently trading as a restaurant, with an opening into the neighbouring property, service yard to the rear and two 2xbedroom residential flats on the upper floors. To the rear (Lower Bannister Street) is a service yard with rear access to the flats via a steel external staircase.
The ground floor property is let to a private individual trading as Sakura for a term of 20 years commencing 27th July 2016 at a passing rent of £13,500 per annum exclusive. The lease is drawn on standard full repairing and insuring terms and subject to a rent review on an upward only basis every third year. The lease provides a desirable 15 years to expiry. To be sold with vacant possession of the flats which have a total estimated rental value of £16,800 per annum.
Investment to Buy
Investment - Retail High Street
• Opportunity to add value - Two flats & Restaurant
• Guide price £400,000
• Good trading location
• Commercial income £13,500 per annum
with long lease in place
• Two vacant flats

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RE: Bedford Place, Southampton, SO15  (210306104240)

map markerBedford Place, Southampton, SO15

Bedford Place is a popular trading location within the city centre. It is situated within the business district and has a large student population. There are numerous car parks in close proximity of the property in addition to public meter parking on Bedford Place. Bedford Place comprises both national and local retailers which include McColl's, Sainsbury's and Revolution in addition to independent hair dressers, barbers and cafe operators. The subject property is located amongst similar operators and adjacent to the popular mauritian restaurant lakaz maman.
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