3 Auckland Rd | Southampton SO15 0SD
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3 Auckland Rd
Southampton SO15 0SD
Retail Property For Sale
Investment Highlights
- Southampton is a popular port city in Hampshire, on the south coast approximately 20 miles (32km) west of Portsmouth
- The local population is approximately 254,361 with 516,551 residents within a 20-minute drive time
- Neighbouring occupiers include, B&M, Aldi, McDonalds & KFC drive thru’s.
Executive Summary
OFFERS ARE INVITED IN EXCESS OF £6,100,000 (SIX MILLION ONE HUNDRED THOUSAND POUNDS), REFLECTING A NET INITIAL YIELD OF 10.3% ONCE STANDARD PURCHASER’S COSTS HAVE BEEN DEDUCTED.The property is held on a lease which expires in September 2027 at rental of £668,375 pa (£13.03 psf). The reversionary lease extends the term until 2043 at a reduced rental of £465,000 (£9.07 psf) wef 28/08/27.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bowling Alley
Building Size
51,259 SF
Year Built/Renovated
1985/2024
Price
£6,100,000
Price Per SF
£119
Net Initial Yield
10.96%
NOI
£668,375
Tenancy
Single
Number of Floors
1
Parking
78 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
313 ft on Auckland Rd
Amenities
- Dedicated Turn Lane
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