Commercial mixed use property for sale in Southampton

This property is marketed by:
Keygrove Chartered Surveyors

A mid terrace 3 storey investment property. The ground floor is a retail shop used as an Indian takeaway. There is a front servery with rear kitchen stores / staff facilities and a basement which is used for storage.

The lease has been assigned with 8 years unexpired to BS Saman Ltd, trading as Basil and Bay. This assignment is subject to an Authorised Guarantee Agreement of 6 months rent. The current rent is £7,500 per annum. There are 3 yearly rent reviews from June 2020.

The residential upper floors comprise a 2 bedroom flat with independent access from St Mary Street. This is let on an assured short term tenancy for £9,300 per annum.. The flat has gas central heating, some double glazing, fitted kitchen and bathroom.

Please note that the pictures of the flat are from 2022.

• Income Producing
• Popular Location
• Initial Yield of 7.30%