Marketed by
Keygrove
Southampton
Ocean Village, Southampton SO14 3TL, UK
Available
1 of 10
1 of 1
POA
112 Shirley High Street, Southampton, Hampshire, SO16 4EZ
Key features
- New 15 Year Commercial Lease
- Subject To Planning Offers Invited
- Commercial Tenant Well Established For 35+ Years
- First Floor: Large 2-Bed Flat and Offices with Conversion Potential
Description
An excellent opportunity to acquire a well-located mixed-use investment comprising a ground floor retail unit let to a highly established tenant, together with a first-floor residential development opportunity offering significant value-add potential.
The ground floor is occupied by Landmark Entertainments Ltd, trading as Richmond Leisure, a long-standing adult gaming centre operator which has traded from the premises for over 35 years. The tenant will enter into a new 15-year FRI lease, subject to a tenant break at Year 10, at an initial rent of ï½£30,000 per annum. A rent deposit will be provided and strong full company accounts are available upon request.
The first floor is currently arranged as a spacious two-bedroom flat to the front, with office accommodation to the rear. The space offers potential for conversion and reconfiguration to provide a number of self-contained residential units, subject to planning. There is also potential to extend the first-floor over the existing flat roof to the rear, increasing the available floor area and scope of any future residential scheme.
Subject-to-planning offers are welcome and developers are encouraged to inspect the property to assess the development potential and establish the scheme that may be achievable.
The ground floor is occupied by Landmark Entertainments Ltd, trading as Richmond Leisure, a long-standing adult gaming centre operator which has traded from the premises for over 35 years. The tenant will enter into a new 15-year FRI lease, subject to a tenant break at Year 10, at an initial rent of ï½£30,000 per annum. A rent deposit will be provided and strong full company accounts are available upon request.
The first floor is currently arranged as a spacious two-bedroom flat to the front, with office accommodation to the rear. The space offers potential for conversion and reconfiguration to provide a number of self-contained residential units, subject to planning. There is also potential to extend the first-floor over the existing flat roof to the rear, increasing the available floor area and scope of any future residential scheme.
Subject-to-planning offers are welcome and developers are encouraged to inspect the property to assess the development potential and establish the scheme that may be achievable.
Reference: 1042_sales
Marketed by
Keygrove
Southampton
Ocean Village, Southampton SO14 3TL, UK
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