Woolston – Well Located Multi-Let Investment FeaturedAvailable

Victoria Rd, Southampton SO19 9DX, UK
Type
Storefront
Accomodation
Guests
Bedrooms
Bedrooms / Beds

About this listing

The properties are arranged on three levels with storage accommodation at basement level, retail at ground, and first floor residential, all enjoying independent access from Victoria Road. There is substantial parking area to the rear of the premises that could be suitable for future development, subject to securing the required planning permissions.

Prices

  • Security deposit: $15,000

Features

Facilities

  • Customer Parking
  • Reception
  • Security
  • Staff Parking

Location

These two adjoining properties occupy
a prominent position in the centre of
Woolston’s main retail thoroughfare, about
2 miles from Southampton City Centre.
The area is undergoing substantial
regeneration, and the nearby Centenary
Quay project, on the former Vosper
Thornycroft site, will provide numerous
jobs, new homes, a hotel, day nursery,
library, restaurants, cafes, a supermarket
all now underway which will substantially
assist the local economy.
The parade predominantly comprises
Independent A1, A3 and A5 operators
with some notable nationals including,
Superdrug, Betfred, Subway and Boots
Pharmacy.
Access to the M.27 motorways is via
nearby Portsmouth Road, leading to
junction 8, allowing quick and easy access
to all parts of the Solent region, and further
afield via the M.3.

Lease Terms

20 Victoria Road Ground floor let to a private
individual, trading as Sublime Tanning, for
a term of 10 years commencing 18th January
2012 at a passing rent of £10,000 per
annum. The lease is subject to a rent review
at the end of the fifth year. The 2017 review

is outstanding.
The Basement is let on an informal licence \
agreement at a passing rent of £300 per
calendar month, equating to £3,600 per

annum.

The first floor (residential) is let on an AST
agreement at a rent of £625 per calendar
month, equating to £7,500 per annum.
22 Victoria Road is let in its entirety to a
private individual, trading as Flame Grill, for
a term of 20 years commencing 18th April
2006, expiring 17th April 2026, at an annual
rent of £18,960. The lease is subject to rent
reviews at the end of each fifth year, the
next due in April 2021. The lease is not
subject to any break clauses.
The total rental income currently amounts to

£40,060 per annum.

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