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2 bed Commercial Property, Southampton, SO15

399 Shirley Road, Shirley, Southampton SO15 3JD

The property comprises a high yielding mixed use investment opportunity occpying a prominent pitch on a popular arterial route. Arranged as a ground floor retail unit with six flats to the rear and upper parts, the property is fully let to separate tenants producing a combined rent of £75,520 per annum. The ground floor is let on a new 15 year lease expiring 05.05.2041 and includes 5 yearly RPI linked rent reviews. The residential units comprise 5 x studio flats and 1 x two bedroom flat, all are let to private individudals on periodic tenancies offering a diverse income stream. The property occupies a prominent pitch fronting Shirley Road, with access to the residential units via both the front and rear. The street forms an arterial route connecting Shirley and Central Southampton and follows on from Shirley High Street. The surrounding area is characterised by similar mixed uses, with nearby national retailers including JD Wetherspoon, Tesco and McDonalds. High Yielding Mixed Use Investment. Retail Unit and Six Flats. Fully Let to Seven Tenants. Retail Let on New 15 Year Lease with RPI Linked Reviews. 2,120 sq ft (197 sq m). VAT-Free Investment . Investment Let at £75,520 p.a. (12.08% GIY on Guide Price) .