32 High St
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32 High St
493 SF 100% Leased Retail Building Southampton SO30 2EA £450,000 (£913/SF) 4.90% Net Initial Yield
Investment Highlights
- Sought after village
- Nearby occupiers include The Nail Rooms, Botley Dental Care, The Co-op, Post Office and many more
- Ground floor commercial unit with residential uppers
Executive Summary
Offers invited in the region of £450,000 for the freehold interest subject to contract and subject to the existing tenancies.
A purchase at this level shows a Net Initial Yield of 4.9% after allowing usual buyers costs.
A purchase at this level shows a Net Initial Yield of 4.9% after allowing usual buyers costs.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
493 SF
Year Built
1900
Price
£450,000
Price Per SF
£913
Net Initial Yield
4.90%
NOI
£22,050
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.44
Lot Size
0.03 AC
Frontage
21 ft on High Street
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Nearby Major Retailers
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32 High St
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