14 Eling Lane, Southampton, Hampshire, SO40 9GA
, SO40 9GA
Price: Sale Price: £485,000
Size: SOA Primary Category: Shop All Categories:
Shop, Property Ref/Movehut: MH618372 Property Ref/Agent: 14 Eling Lane, Southampton, Hampshire, SO40 9GA - 6177
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: October 23, 2019
Totton is situated outside the eastern edge of the New Forest and on the River Test, approximately 4.5 miles to the city of Southampton. The town is
within the New Forest non-metropolitan district. Surrounding towns and villages include Ashurst, Marchwood, Cadnam and Ower.
The property fronts Eling Lane, situated just off Rumbridge Street which offers a range of independent and national retailers and also home to a number of local businesses.
The property comprises two ground floor retail units with traditional shop frontage and four residential apartments, 2 x 2 bedroom at first floor level and 2 x studios at ground floor rear.
The property is fully occupied and produces a residential income of £26,760 and a commercial income of £10,500 per annum. The combined annual income reflects £37,260.
14a First floor 2 Bedroom 62 m2
14b First floor 2 Bedroom 62 m2
14c Ground floor Studio 23m2
14d Ground floor Studio 14m2
Unit 1 32m2
Unit 2 29m2
Unit 1: C-53
Unit 2: C-63
Unit 1: £4,400
Unit 2: £3,600
The 2019/2020 standard multiplier is 0.491(49.1p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation.
The property is available freehold subject to the benefit of the existing lease agreements with a guide price of £485,000. A purchase at this level reflects a Gross Yield of circa 7.7% and a Net Initial Yield of 7.3% subject to purchasers costs of 4.6%
Weighted towards Residential
2 x 2 Bedroom Apartments
2 x Studio Apartments
2 x Retail Units
Combined Income of £37,260 Per annum
Guide Price of £485,000
EPC for 14 Eling Lane, Southampton, Hampshire, SO40 9GA
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