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78 Bedford Pl

706 SF 100% Leased Retail Building Southampton SO15 2DF £425,000 (£602/SF) 6.80% Net Initial Yield

Investment Highlights

  • Recently renovated
  • Well situated opposite Sainsburys Local
  • Central prime location

Executive Summary

Offers considered in the region of £425,000 subject to contract for the freehold interest, subject to a commercial tenancy on the ground
floor and an assured short hold tenancy on the uppers. A purchase at this level shows a gross yield of 6.8%.
Commercial income of £16,000 pax and Residential income of £15,000 pax.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
706 SF
Building Class
B
Year Built
1929
Price
£425,000
Price Per SF
£602
Net Initial Yield
6.80%
NOI
£28,900
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Parking
2 Spaces (2.83 Spaces per 1,000 SF Leased)
Frontage
14 ft on Bedford Pl

Amenities

  • Dedicated Turn Lane
  • Security System

Nearby Major Retailers

Co-operative Food
Santander
Lidl
Nisa
Starbucks
Lloyds Bank
ASDA
Sainsbury's
Bakers + Baristas
eurochange
  • Listing ID: 33621619

  • Date on Market: 24/10/2024

  • Last Updated:

  • Address: 78 Bedford Pl, Southampton SO15 2DF

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