125 High Street
Ref 1848
Address 125 High Street, Southampton, Hampshire, SO14 2AA
Property type Investment - Retail
Size 1,259 Sq Ft
Freehold £300,000
The subject property is located on the High Street in the centre of Southampton within a lively dining and leisure area. West Quay Shopping Centre and Above Bar is located approximately half a mile north and within 10 minute walking distance. The Grade II Listed building comprises extensive ground floor retail and basement with WCs and kitchen at the rear. The freehold interest also includes x7 residential apartments on the first, second and third floors, sold off on 125 year long leaseholds. Each apartment contributes £200 per annum in Ground rent to the freeholder, totalling £1,400 per annum in additional income.
- Current rental income £26,400 per annum
- 10 year lease expiring November 2033
- Freehold
- Ground Floor Retail (uppers sold off)
- Gross Initial Yield 8.8%
- Guide price £300,000
- Grade II Listed Building