Property photos
£450,000
(£401.07/sq. ft)
Retail premises for sale
Hamble Lane, Hamble, Southampton SO311,122 sq. ft
Local area information
Property location
Nearby amenities
- Hamble Primary School 0.3 miles
- Hamble-le-Rice Ferry Landing 0.6 miles
- Hamble 0.7 miles
- The Hamble School 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Guide price £450,000
- Total income £32,640 per annum
- Net Initial Yield 7.1%
- Located in an established residential district
- Parking spaces available
- Close proximity to junction 8, M27 and Coronation Parade
Description
The property is situated in Hamble and approximately 3 miles south of the M27, Junction 8 providing excellent accessibility to the motorway network in all directions. The premises are located fronting a busy main road (Hamble Lane) surrounded by an established residential district. Local shopping is available close by at the Coronation Parade.
The property consists of two storey building, with a commercial unit on the ground floor, with a self contained 3 bedroom residential apartment above. Benefits include parking spaces at the front of the premises, with a shared access driveway, leading to further parking at the rear and a garage. The Ground floor is currently configured as a Veterinary Practice, let to cvs (UK) Ltd, with the first floor residential apartment being let on an informal lease at present. The residential property includes three good sized bedrooms, with a beautifully presented lounge and kitchen area.
Residential flat accessed separately to the rear of the property.
Accommodation
Ground Floor - 819 sq.ft (76.05 sq.m)
Garage - 303 sq.ft (28.18 sq.m)
Total Commercial Area - 1,122 sq.ft (104.23 sq.m)
Rating
Rateable Value £10,750
Source The 2024/2025 small business multiplier is 0.499 (4.99p payable per £1).
Terms
Offers in excess of £450,000 subject to contract for the freehold interest and subject to existing tenancies on completion. A purchase made at the asking price will reflect a 7.1% net initial yield, assuming the flat is tenanted at market rent.
Viewing / Further Information
Contact Dominic Arkell
Planning
Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, café, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.
Asset Rating Commercial D (97)
Residential D (61)
Brochure Header
Mixed Use Investment Opportunity
The property is situated in Hamble and approximately 3 miles south of the M27, Junction 8 providing excellent accessibility to the motorway network in all directions. The premises are located fronting a busy main road (Hamble Lane) surrounded by an established residential district. Local shopping is available close by at the Coronation Parade.
The property consists of two storey building, with a commercial unit on the ground floor, with a self contained 3 bedroom residential apartment above. Benefits include parking spaces at the front of the premises, with a shared access driveway, leading to further parking at the rear and a garage. The Ground floor is currently configured as a Veterinary Practice, let to cvs (UK) Ltd, with the first floor residential apartment being let on an informal lease at present. The residential property includes three good sized bedrooms, with a beautifully presented lounge and kitchen area.
Residential flat accessed separately to the rear of the property.
Accommodation
Ground Floor - 819 sq.ft (76.05 sq.m)
Garage - 303 sq.ft (28.18 sq.m)
Total Commercial Area - 1,122 sq.ft (104.23 sq.m)
Rating
Rateable Value £10,750
Source The 2024/2025 small business multiplier is 0.499 (4.99p payable per £1).
Terms
Offers in excess of £450,000 subject to contract for the freehold interest and subject to existing tenancies on completion. A purchase made at the asking price will reflect a 7.1% net initial yield, assuming the flat is tenanted at market rent.
Viewing / Further Information
Contact Dominic Arkell
Planning
Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, café, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.
Asset Rating Commercial D (97)
Residential D (61)
Brochure Header
Mixed Use Investment Opportunity
More information
Listed by
Primmer Olds BAS
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