Investment For Sale, Southampton, Hampshire

Shirley is a busy secondary retail location in Southampton and Shirley High Street is the main retail thoroughfare. Southampton city centre is within 1.5 miles and Southampton central railway station is within 1 mile. The property is located a the top end of Shirley High Street opposite Sainsburys and next to Iceland. Other surrounding occupiers include Holland and Barrett, Costa Coffee, Greggs and Superdrug.

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 £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.