20 - 22a Victoria Road, Southampton, Hampshire, SO19 9DX
, SO19 9DX
Price: Sale Price: £550,000
Size: SOA Primary Category: Shop All Categories:
Shop, Property Ref/Movehut: MH618683 Property Ref/Agent: 20 - 22a Victoria Road, Southampton, Hampshire, SO19 9DX - 6240
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: September 17, 2019
The properties occupy a prominent position in the centre of Woolston's retail offering, an established secondary trading position about 2 miles outside of Southampton City Centre. The parade predominantly comprises Independent A1, A3 and A5 operators with some notable nationals including, Superdrug, Betfred, Subway and Boots Pharmacy.
The properties are 3 storey with storage accommodation at basement level; retail with traditional shop frontage at ground and first floor residential, enjoying independent access from Victoria Road.
There is substantial parking to the rear of the site that could be suitable for development subject to obtaining necessary planning permissions.
20, Victoria Road Ground Floor Retail 67.4 sq m
20, Victoria Road Basement
74.5 sq m
22, Victoria Road Ground Floor Retail
Victoria Road, Basement
85.1 sq m
20 Victoria Road: B-43
22 Victoria Road: C-52
20 Victorica Road: £10,250
20 Victoria Road Basement: £1,975
22 Victoria Road: £9,200
22A Victoria Road: TBC
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 leases at a guide price of £550,000. A purchase at this level reflects a Gross Yield of 7.3% and a Net Yield of
7% subject to purchasers costs at 4.8%
Multiple Streams of Income
Future Development Potential STP
Retail WAULT of circa 4.5 Years
Longstanding commercial tenants
Gross Yield of 7.3%
EPC for 20 - 22a Victoria Road, Southampton, Hampshire, SO19 9DX
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