Offers over £600,000
Bitterne Road, Bitterne Village, Southampton, Hampshire, SO18 5EE
This well-maintained mixed-use development, built in the mid-1980s, offers an excellent investment opportunity with a combination of commercial and residential units. The ground floor comprises four fully let retail premises occupied by established local businesses, ensuring a reliable rental income stream. Above the commercial units, ten self-contained long leasehold flats provide additional residential investment potential.
The property benefits from mains-connected utilities, including water, drainage, gas, and electricity. While no warranties are provided regarding the condition or suitability of these services, they appeared to be operational upon inspection.
Adding to its appeal, the property benefits from secure parking for 14 vehicles, enhancing convenience for both tenants and customers. Strategically positioned in a prime central location, it sits on the pedestrianised Bitterne Road, a vibrant hub of local businesses and amenities. The development boasts excellent transport links, located just 1km from Bitterne Railway Station, which provides direct services to Southampton Central, Fareham, and beyond. Additionally, road connectivity is highly advantageous, with easy access to the M27 (Junction 7), A3024, and A27.
Generating a strong rental income of £44,700 per annum with growth potential, this property is a valuable income-generating asset. The fully tenanted retail units contribute to a stable cash flow, while the long leasehold flats present an opportunity for further investment value. Purpose-built and well-maintained over time, the building benefits from connected mains services, including water, drainage, gas, and electricity. With ample parking and excellent proximity to transport links, this property offers strong tenant appeal and is well-positioned in an area with consistent demand for both retail and residential properties.
Premises Annual Income Size (Sq. Ft) Size (Sq. M)
Unit 1 – Nail Salon £11,250 p.a. 780 SQ. FT 73 SQ. M
Unit 2 – Takeaway £11,250 p.a. 790 SQ. FT 73.4 SQ. M
Unit 3 – Confectionery £11,000 p.a. 770 SQ. FT 71.5 SQ. M
Unit 4 – Restaurant £11,000 p.a. 786 SQ. FT 73 SQ. M
Flats 1-10 £200 p.a. Unmeasured Unmeasured
Total Income £44,700 p.a.
These details are prepared as a general guide only, and should not be relied upon as a basis to enter into a legal contract, or commit expenditure. An interested party should consult their own surveyor, solicitor or other professionals before committing themselves to any expenditure or other legal commitments.
All dimensions/measurements are approximate.
The Property is sold on an unconditional basis, purchasers considering alternative uses or even development are deemed to rely upon their own enquiries.
Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation.
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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
