Retail Investment For Sale, 1 Shirley High Street, Southampton, SO15 3NJ

A ground floor retail shop with first floor ancillary staff and meeting rooms. The property has been refurbished to suit the current tenant branding and includes carpeted flooring, LED lighting, air conditioning. There are customer and staff WC's and a staff kitchen on the first floor. There is private office space and additional meeting space.

The property benefits from a fully repairing and insuring lease dated 9th August 2023 to Merkur Slots UK Limited for a term of 15 years at a current rent of £45,000 per annum. There is a break clause in August 2028 which is subject to a break penalty if exercised. A copy of the lease is available on request.
( Agency Pilot Software ref: 660 )

Location

Shirley is a busy secondary retail location in Southampton and Shirley High Street is the main retail thoroughfare. Southampton city centre is within 1.5 miles and Southampton central railway station is within 1 mile. The shop is located at the start of Shirley High Street with return frontage to Howards Grove. It is surrounded by national occupiers including Savers, Lidl, Boots and Nationwide

Accommodation

2,694 sq ft (250.27 sq m)

Terms

The property is available for £650,000 reflecting an initial yield of 6.9% excluding purchasers costs.

Rates We have obtained information from the Valuation Office website and we understand that the Rateable Value of the property is £26,750. We recommend that prospective tenants or purchasers verify this with the Valuation Office.

Energy Performance Certificate EPC rating C55. A copy of the EPC is available on request.

Specification

• Prominent position on popular high street
• Let to Merkur Slots UK Limited
• 14.5 Years Unexpired Term