12 St. Johns Centre
Ref 11693
Address 12 St. Johns Centre, Hedge End, Southampton, Hampshire, SO30 4QU
Property type Investment - Retail
Size 629 Sq Ft
Freehold £220,000
Southampton is a major commercial centre located on the south coast in the county of Hampshire. Hedge End 'village' is situated approximately 6 miles east of Southampton just off Junction 8 of the M27 motorway. The property is in a modern parade known as St John's Centre close to the junction of St Johns Road and Upper/Lower Northam Road. The property comprises a modern single storey retail space with large shared customer parking to the rear. Note: There may be longer term scope for creation of a first floor flat in the roof space.
- Guide Price £220,000
- Gross rent £15,000 per annum
- Ideal private investor lot
- Excellent covenant with, in excess of six years remaining
- Modern building in excellent trading location
- No VAT payable, small lot size
- Attractive net initial yield of 6.65%
- Large shopper car park adjacent to the unit