54 Hamble Lane, Hamble, Southampton, SO31 4JS

Description

The property is situated in Hamble and approximately 3 miles south of the M27, Junction 8 providing excellent accessibility to the motorway network in all directions. The premises are located fronting a busy main road (Hamble Lane) surrounded by an established residential district. Local shopping is available close by at the Coronation Parade.

The property consists of two storey building, with a commercial unit on the ground floor, with a self contained 3 bedroom residential apartment above. Benefits include parking spaces at the front of the premises, with a shared access driveway, leading to further parking at the rear and a garage. The Ground floor is currently configured as a Veterinary Practice, let to CVS (UK) Ltd, with the first floor residential apartment being let on an informal lease at present. The residential property includes three good sized bedrooms, with a beautifully presented lounge and kitchen area.

Residential flat accessed separately to the rear of the property.

Accommodation

Ground Floor - 819 sq.ft (76.05 sq.m)
Garage - 303 sq.ft (28.18 sq.m)
Total Commercial Area - 1,122 sq.ft (104.23 sq.m)

Rating

Rateable Value £10,750
Source www.voa.org.uk The 2024/2025 small business multiplier is 0.499 (4.99p payable per £1).

Terms

Offers in excess of £450,000 subject to contract for the freehold interest and subject to existing tenancies on completion. A purchase made at the asking price will reflect a 7.1% net initial yield, assuming the flat is tenanted at market rent.


Viewing / Further Information

Contact Dominic Arkell 023 8022 2292 darkell@primmeroldsbas.co.uk

Planning

Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.

Asset Rating Commercial D (97)
Residential D (61)

Brochure Header

Mixed Use Investment Opportunity
( Agency Pilot Software ref: 3615 )