33-33A Portsmouth Rd
Southampton SO19 9BA
Retail Property For Sale

LOCATION & DESCRIPTION Woolston is one of Southampton’s main suburbs and with the current redevelopment of Centenary Quay just 400 yards from the property, is seeing a lot of improvements to the infrastructure of the area as well as an upsurge in population and businesses coming to this location. The Central Bridge provides motorists and pedestrians with access to Southampton City Centre in just a few minutes. This building is a former office which has been professionally converted into mainly residential accommodation, now providing a ground floor accountants office and three sizable flats above plus planning consent for a further flat in the rear car park. Subject to planning consent, purchasers might consider whether the larger flats are suitable for further division into smaller units. ACCOMMODATION Ground floor Self contained shop/office with a net internal area of 518 sq ft plus toilet and kitchenette. Rear access. Let to Optegra Financial Software Limited trading as Genio Accountants, on a 10 year FRI lease from January 2017 with a 5 year rent review and break clause at a rent of £8100 pa exclusive of rates, service charge and insurance. Entrances, front and rear, to the flats. A ground floor communal storeroom is currently allowed for the tenants to store bicycles and other items. First Floor A large flat with a wide hall, two reception rooms, two bedrooms, separate kitchen, bathroom and cloakroom, vacant at the time of writing but normally let at £9540 pa (£795 pm) Second Floor Another large flat (identical to the first floor, we are advised) with a wide hall, two reception rooms, two bedrooms, separate kitchen, bathroom and cloakroom, currently let on an AST at a rent of £9540 pa (£795 pm). Third floor A smaller flat comprising hall, living room with kitchen, bedroom and bathroom, currently let on an AST at a rent of £6540 pa (£545 pm) Outside A rear car park with space for 4 – 5 cars and the current main entrance to the flats. Please note that there is a planning consent granted for the construction of a new single storey flat in this area, plans available on request. TOTAL INCOME IS THEREFORE £33720 PA (£8100 pa from the office and £25620 pa from the three flats assuming the first floor flat is let at £9540 pa)