Bitterne Rd 1,760 SF Sports & Entertainment Building Offered at $243,944 CAD at a 9.23% Cap Rate in Southampton SO18 1BS

Investment Consideration:
Gross Initial Yield: 9.23%
Rental Income: £12,000 p.a.
VAT is NOT applicable to this property
Comprises large ground floor 1-bedroom flat newly converted in 2023
Includes retail shop and 2-bedroom flat at first floor fronting Bitterne Road, both of which have been sold-off
Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst others.
Property Description:
Comprises large 1-bedroom flat situated at the rear of 432 Bitterne Road. The property includes ground floor shop and 2-bed flat at first floor fronting Bitterne Road, both of which have been sold-off on long leasehold, providing the following accommodation and dimensions:
Ground Floor: 56 sq m (603 sq ft)
1 bedroom, kitchen/living room, bathroom, store/office
Tenancy:
Flat 432B is at present to an Individual on Periodic Tenancy at a current rent of £12,000 p.a.
Flat 432A has been sold-off on long leasehold for a term of 125 Years from 9th March 2026 at a ground rent of peppercorn.
Shop No.432 has been sold-off on long leasehold for a term of 999 Years from 7 November 2025 at ground rent of peppercorn.
Location:
Southampton is the main commercial and administrative centre of Hampshire and is located 70 miles south-west of Central London. Bitterne is a suburb located to the east of the City Centre. The city benefits from excellent road communications via the M27 and M3 Motorways. Bitterne Rail Station provides regular services to London via Southampton. The property is situated on the south side of Bitterne Road fronting the pedestrianised section, in the heart of the retail area. Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst many more.