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432 Bitterne Road Rd

2,100 SF 100% Leased Retail Building Southampton SO18 1DT $755,673 CAD ($360 CAD/SF) 8.89% Cap Rate

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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.

432 Bitterne Road

Property Facts

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Storefront Retail/Residential

Building Size

2,100 SF

Year Built

1950

Price

$755,673 CAD

Price Per SF

$360 CAD

Cap Rate

8.89%

NOI

$67,210 CAD

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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