72 The Avenue

The Avenue is one of Southampton's most sought-after locations, as it provides easy access to Southampton town centre (approx. 0.5 miles) as well as having quick links to the M27 motorway. The Site is also ideally located from a rental point of view, as it appeals to working professionals working in the town, but also the student market as it's a short walk or bus journey to Southampton University and Southampton Solent University. This opportunity consists of two commercial units on the ground floor at the front of the site, with a 6 bed HMO property above, along with a further 4 bed HMO at the rear of the property. One commercial unit is currently designed for food takeaway, this unit is currently sold aa vacant possession after an expired lease in 2020. The second commercial unit is currently trading as The Bathroom Shop, to which no formal lease is in place. The two commercial units were achieving a combined rental income of £12,000 per annum. Both the 6 bed and the 4 bed HMO are currently vacant and will look to be sold with vacant possession. There is scope to refurbish the HMO properties and increase rental values, likewise there would also be scope to redevelop the site into self-contained flats, subject to an appropriate planning application.

• Total Site Area: Circa 0.148 acres
• Close Proximity to Southampton Town Centre
• Easy Access to the M27 Motorway
• Sought-after location on The Avenue
• 2 X Commercial Units with rental income of £12,000 pa
• 1 x 6 bed HMO & 1 x 4bed HMO (Vacant Possession)
• Refurbishment/Development Opportunity