Ground Floor, 435 Millbrook Road West
Ref 14982
Address Ground Floor, 435 Millbrook Road West, Southampton, Hampshire, SO15 0HX
Property type E - Retail
Size 754 Sq Ft
Freehold £130,000
The property is situated on the outskirts of Southampton on Millbrook Road West, the main trunk road leading directly into Southampton City Centre. The road runs directly from the M271 which joins with the M27 at Junction 2, giving access to Portsmouth to the east and Bournemouth 26 miles to the west, via the A31. There are good bus communications and Southampton main line railway station is approximately 1 mile away. The property comprises a ground-floor retail unit, within a terraced retail development. The property has the benefit of external street parking to the front elevation.
- Guide price £130,000 for the long leasehold
- Commercial income £11,175 per annum
- Ground floor retail space
- Well situated trading position with good footfall
- Good covenant
- No VAT payable
- Attractive net initial yield of 8.4%