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 with vacant posession 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, caf�, 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)



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