Centrally Located Retail Investment Let to Established Opticians
Summary
- Established Tenant
- Lease to 23rd June 2029 @ £20,000 pa
- Stunning Grade II Listed Building
- Centrally Located with a Vibrant Retail District
- Outstanding 2024 Rent Review
- Business Unaffected
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Lower Ground - Basement | 514 | 47.75 | Available |
| Ground - Retail Space | 438 | 40.69 | Available |
| 1st - Retail Space | 361 | 33.54 | Available |
| Total | 1,313 | 121.98 |
Location
The subject building is located on the western side of Bedford Place on the corner with Canton Street and the building is situated a short distance from Southampton City Centre. The M27 is easily accessible via either junction 5 or junction 7 of the M27 which leads west bound towards Bournemouth and east bound towards Portsmouth and Chichester with the M3 heading north towards London.
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Mainline Stations
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Southampton Central9 mins
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St Denys20 mins
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Millbrook (Hants)23 mins
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Bitterne26 mins
Underground Station
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Reading814 mins
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Twyford878 mins
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Maidenhead990 mins
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Taplow1016 mins
Further Information
Price £295,000
Rates Payable £9,851.25 per annum
EPC Rating This property has been graded as C (72)
Description
Grade II Listed, end of terrace, two storey brick constructed commercial building, incorporating lower ground floor, ground floor and first floor. The building was constructed in the mid 19th Century and holds a prominent position within Bedford Place.
The building is occupied by an established opticians, who have been in occupation for many years.
Terms
The freehold is available for sale at a price of £295,000 subject to a lease to Bennett Opticians (Ltd) for a term of 10 years from 24th June 2019 expiring on 23rd June 2029 at a passing rent of £20,000 pa. There is an outstanding rent review from 24th June 2024.
Other Costs
Legal Costs - Each party to bear their own costs incurred in the transaction.
VAT - Unless stated otherwise all costs and prices are exclusive of VAT
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