Freehold Investment Property With Rental Income In Hampshire For Sale

Southampton, Hampshire, UK

Asking Price:: £695,000

Turnover:: Undisclosed

Net Profit:: Undisclosed

Freehold Investment property with rental income £50,000 p.a.
25 year FRI lease from December 2022
Prime position on busy High Street
Historic site of Henry V trial before Agincourt in 1415
Character Bar, Restaurant & refurbished commercial Kitchen
Six Bedrooms in self-contained accommodation plus garage

Subject to a 25 year FRI lease from December 2022. Annual rent is in the sum of £50,000
with 5 yearly rent reviews. The property is being sold as an investment with tenant in situ.

Property Information

Property:: Freehold

Location:

Southampton is a port city in Hampshire. It is located approximately 80 miles (130 km) southwest of London, 20 miles (32 km) west of Portsmouth and 20 miles (32 km) southeast of Salisbury. In 1964, the town acquired city status, becoming the City of Southampton.

Southampton was the departure point for RMS Titanic, the spitfire was built in the city and Southampton has a strong association with the Mayflower, being the departure point before the vessel was forced to return to Plymouth. In the past century, it was one of the major embarkation points for D-Day. The city is one of Europe's main ports for ocean liners and Southampton is known as the home port of some of the largest cruise ships in the world with the Cunard Line maintaining a regular transatlantic service to New York.

Southampton is also one of the largest retail destinations in the South of England. Some notable employers in the city include the University of Southampton, Ordnance Survey, BBC South, Associated British Ports, and Carnival UK and, of course, is the home of Southampton FC.

The business is situated in a prominent position surrounded by a mixture of residential and commercial properties.