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Commercial Rd 3,267 SF Retail Condo Unit Offered at $404,891 in Totton SO40 3BX
Investment Highlights
- Approximate Gross Internal Area - 300 sq m
- Suitable for owner occupier
- Prominent two storey corner property
- Guide Price £300,000
- Potential opportunity for developers and investors
- Two large public car parks located within walking distance
Executive Summary
The property comprises a former Natwest Bank across two floors. The town of Totton is situated approximately 6 miles to the west of Southampton via the A35, within approximately 1 mile of the M271 which links with the M27 motorway. Totton Shopping Centre is the main retail focus for the town. It is located off Commercial Road. There are two large customer car parks either side of the site. The Centre provides a pedestrianised shopping environment with national occupiers such as Costa, Greggs, Specsavers, Card Factory, Savers and 99p Stores. It is excellently located for the rental market and public transport.
Property Facts Sale Pending
| Total Building Size | 47,708 SF | Typical Floor Size | 23,854 SF |
| Property Type | Retail (Condo) | Year Built | 1964 |
| Property Subtype | Storefront | Lot Size | 1.68 AC |
| Building Class | B | Parking Ratio | 1.72/1,000 SF |
| Floors | 2 |
| Total Building Size | 47,708 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 23,854 SF |
| Year Built | 1964 |
| Lot Size | 1.68 AC |
| Parking Ratio | 1.72/1,000 SF |
Amenities
- Bus Line
- Dedicated Turn Lane
- Security System
- Automatic Blinds
- Storage Space
1 Unit Available
Unit Former Natwest Bank
| Unit Size | 3,267 SF | Condo Use | Retail |
| Price | $404,891 | Sale Type | Owner User |
| Price Per SF | $123.93 | Tenure | Long Leasehold |
| Unit Size | 3,267 SF |
| Price | $404,891 |
| Price Per SF | $123.93 |
| Condo Use | Retail |
| Sale Type | Owner User |
| Tenure | Long Leasehold |
Description
This former banking hall has scope for retail and other uses, including conversion of the uppers to residential or total re-development subject to consents.
Sale Notes
Offers considered in the region of £300,000 for the long leasehold subject to contract for the freehold interest with vacant possession on completion.
Nearby Major Retailers
Presented by
Commercial Rd
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