Acquired
Southampton – Takeaway & Residential Flat
108 Spring Road, Southampton SO19 2QBFreehold Vacant Takeaway & Residential Investment
Investment Consideration
- ERV: £20,000 p.a. GIY: 6.66%
- Comprises takeaway shop with 2-bed flat
- Property benefits from full commercial kitchen and large storage at rear
- 3 car parking spaces at front
- Development potential to split the property and create self-contained flat at first floor
- Full glass frontage and double glazed windows
- Nearby occupiers include Tesco Express, Premier, Subway, Coral and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor takeaway shop and 2-bedroom flat at first floor, providing the following accommodation and dimensions:
Ground Floor: 50 sq m (538 sq ft)
Sales Area, Commercial Kitchen, Storage
First Floor: 40 sq m (430 sq ft)
Landing, 2 Bedrooms, Living Room, Bathroom/WC
Development potential to split the property and create self-contained flat at first floor.
Ground Floor: 50 sq m (538 sq ft)
Sales Area, Commercial Kitchen, Storage
First Floor: 40 sq m (430 sq ft)
Landing, 2 Bedrooms, Living Room, Bathroom/WC
Development potential to split the property and create self-contained flat at first floor.
Tenancy Description
The property is at present vacant: ERV: £20,000 per annum.
Location Description
Southampton is a major UK port which has good transport links with the rest of the country. The M27 motorway runs just to the north of the city. The M3 motorway links the city to London and also, via a link to the A34 at Winchester, with the Midlands and North. The property is located at the junction with Merryoak Road, close to regular bus services providing direct link to Sholing and Southampton Central Stations. Nearby occupiers include Tesco Express, Premier, Subway and Coral, amongst others.