Hendy Honda West Quay Rd 26,038 SF 100% Leased Retail Building Southampton SO15 1GZ For Sale
INVESTMENT HIGHLIGHTS
- Vehicle dealership but suitable for alternative uses subject to planning.
- Prominent main road facility fronting the A33 West Quay Road Located opposite Ikea.
- Site area of circa 0.74 acres ( 0.3 ha)
EXECUTIVE SUMMARY
Offers are sought for the long leasehold interest.
The property is held on 2 leases expiring 31/3/2046 and 24/6/2046. There is a ground rent payable of £290 p.a. There is a sub-lease to Virgin Media for telecoms equipment on site. Virgin Media have advised they will be vacating the site circa March 2025. They currently pay a rent of £40,800 p.a.
The property is held on 2 leases expiring 31/3/2046 and 24/6/2046. There is a ground rent payable of £290 p.a. There is a sub-lease to Virgin Media for telecoms equipment on site. Virgin Media have advised they will be vacating the site circa March 2025. They currently pay a rent of £40,800 p.a.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Auto Dealership
Building Size
26,038 SF
Building Class
C
Year Built
1970
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.82
Lot Size
0.73 AC
Parking
32 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
142 ft on West Quay Rd
AMENITIES
- Bus Route
- Dedicated Turning Lane
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NEARBY MAJOR RETAILERS
