432 Bitterne Road Rd
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432 Bitterne Road Rd
2,100 SF 100% Leased Retail Building Southampton SO18 1DT $537,968 ($256/SF) 8.89% Cap Rate
Investment Highlights
- Bitterne is a suburb located to the east of the City Centre
- Bitterne Rail Station provides regular services to London via Southampton
- Situated in the heart of the retail area
- The city benefits from excellent road communications via the M27 and M3 Motorways
- The property is situated on the south side of Bitterne Road fronting the pedestrianised section
Executive Summary
The building comprises ground floor shop, self-contained office at rear ground floor and a 2-bedroom flat at first floor.
Purchase Price for this investment sale is £425,000 with gross Initial Yield: 8.89% and a rental Income of £37,800 p.a.
Purchase Price for this investment sale is £425,000 with gross Initial Yield: 8.89% and a rental Income of £37,800 p.a.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,100 SF
Year Built
1950
Price
$537,968
Price Per SF
$256
Cap Rate
8.89%
NOI
$47,847
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.89
Land Acres
0.05 AC
Frontage
18 FT on Bitterne Road
Amenities
- Automatic Blinds
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Joseph Bachman -
Blue Alpine Partners Ltd
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432 Bitterne Road Rd
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