30 Victoria Rd 2,250 SF 100% Leased Retail Building Southampton SO19 9DX $771,978 ($343.10/SF)

Investment Consideration:
Rental Income: £34,800 p.a.
ERV: £46,800 p.a. GIY: 8.14%
VAT is NOT applicable to this property
Four-storey building comprising retail shop (sold-off) and 4 x 1-bed residential apartments
Part newly developed in 2024 to a high standard. One of the flats benefit from private garden at rear
Within short walk from Woolston Train Station with nearby occupiers include Subway, Greggs and more.
Property Description:
Newly converted and extended four-storey building comprising ground floor retail shop with ancillary accommodation at lower ground floor (sold-off) and 4 x 1-bed newly developed residential apartments (C3) at rear lower ground, ground, first and second floor, providing the following accommodation and dimensions:
Lower Ground:
Flat 1 (1-Bed) - 40 sq m (430 sq ft)
Ground Floor:
Flat 2 (1-Bed) - 37 sq m (398 sq ft)
First Floor:
Flat 3 (1-Bed) - 37 sq m (398 sq ft)
Flat 4 (1-Bed) - 60 sq m (646 sq ft)
Kitchen/living room, bathroom
Second Floor:
Flat 4 – bedroom
Ground/Lower Ground Floor Shop: Sold-off
Total Residential Area: 174 sq m (1,872 sq ft)
Tenancy:
Flat 1 is at present let on AST to an Individual for a term of 12 Months from 30th September 2025 at a current rent of £11,400 per annum.
Flat 2 is at present vacant. ERV: £12,000 p.a.
Flat 3 is at present let on AST to an Individual for a term of 12 Months from 17th October 2025 at a current rent of £10,800 per annum.
Flat 4 is at present let on AST to an Individual for a term of 12 months from 31st October 2025 at a current rent of £12,600 per annum.
The retail shop has been sold-off on long leasehold for a term of 999 Years from 7th November 2025 at a ground rent of peppercorn.
Location:
Woolston is a suburb of Southampton, Hampshire, located on the eastern bank of the River Itchen. It is bounded by the River Itchen, Peartree Green, Itchen and Weston. The property is located within short walk to Woolston Station with occupiers nearby including Subway, Co-Op Food, Superdrug, Admiral Casino and more.