78 Bedford Pl
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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.
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.
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
1 of 1
Nearby Major Retailers
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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78 Bedford Pl
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