Southampton: 175/177 Hampton Lane SO45 1XA

Property Details

Location: Blackfield, Southampton
Tenure: For Sale
Sales Area: 608 sq ft | 56.48 sq m
Rental Income: £15,520 pa
Property Type: Investment & development
Just Sold

Retail & residential Investment For Sale -part let to Age Concern New Forest

The property is located in the centre of the village of Blackfield on the edge of The New Forest, close to the main cross roads of the village.   Blackfield is approx 1 mile from Fawley, 3.5 miles from Hythe, and 11 miles from Totton on the main bus route to Hythe and Southampton.

The property is located in a parade of shops which include Blackfield Library and Coral Bookmakers.   It is close to Lloyds Pharmacy and Blackfield Newsagents and Post Office.   It is opposite Sainsbury local, a petrol Filling station with Costcutter and a Tesco Express.

There is public car parking in the village and serving the convenience stores.

The property comprises a ground floor lock-up shop together with a self-contained 2 bedroomed flat.   The flat has electric heating, UPVC double glazing and is accessed from the rear.   These are let under 2 separate leases.

The property includes a plot of land situated at the end of the parade of shops which is not let.

The property is let under two leases producing a total current income of £15,520 pa.

The shop is let to Age Concern New Forest under a 5 year lease from March 2016 at £8,500 pa.   Age Concern New Forest is a local charity supporting local people.   It operates 4 charity shops in Totton, Dibden Purlieu and Holbury as well as the subject property.  

The flat is let on an assured shorthold tenancy at £560 pcm.

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For further information please contact Richard Pullen on 023 8000 2500
or
Email: enquiries@rpullen.co.uk