Market Buildings, High Road, Southampton, SO16 2HW

Name: Market Buildings, High Road, Southampton, SO16 2HW
Address: Southampton, Hampshire

£2,800,000 for sale

Overview

Retail
Property Type

Description

Location

Market Buildings occupies a highly prominent position on High Road, Swaythling, a suburb of Southampton situated to the north of the city centre. The property benefits from excellent connectivity, located just two minutes from Junction 5 of the M27 and the intersection with the M3, providing direct access to the South Coast, London and the wider South East.

Southampton Airport and Southampton Airport Parkway railway station are approximately five minutes away, while Swaythling railway station is within walking distance, offering regular services into Southampton city centre and beyond. A number of bus routes serve the immediate area, with stops located directly outside the property.

The location benefits from a strong and diverse occupier base, supported by nearby residential neighbourhoods, student accommodation and the University of Southampton, which lies in close proximity. The area experiences consistent footfall and serves as an established local centre for retail and commercial activity.

Market Buildings comprises a diverse mixed-use asset providing multiple income streams from a range of retail, and residential occupiers. The property includes a combination of ground floor retail units, commercial accommodation, residential flats and ancillary garages, creating a well-balanced investment with asset management potential.

The property benefits from on-site parking facilities and occupies a highly visible position within a busy local trading location.

The varied occupational mix offers diversification of income whilst presenting opportunities for future asset management initiatives and value enhancement.

Accommodation

Total Residential - 14,575 Sq Ft
Total Commercial - 7,025 Sq Ft
+ Garages
Please see our brochure for full breakdown

Terms

Unconditional offers sought of £2,800,000 subject to contract for the freehold interest subject to subsisting tenancies.

A purchase at this level will show an attractive net initial yield of 10% after allowance for buyer's costs at 6.42%. This assumes all under offer commercial lettings are completed. We have also allowed for inital expenditure for repairs & x2 flat refurbishments.

We understand that the property is not elected for VAT.

See tenancy details in the tables in our brochure. Sold subject to all tenancies in place at completion.

Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.

Multi-let Mixed Use Investment Opportunity

Unbroken Freehold Opportunity

Asset Management Potential

Total Gross Income in Excess of £300,000 PA (Commercial £98,460 PA, Residential £196,800 PA)

Two Vacant Flats Needing Refurbishment

Recent Works Completed to Rear Walkways/Staircases

Guide Price £2,800,000 (STC)

Summary

Key points

Unbroken Freehold Opportunity
Asset Management Potential
Total Gross Income in Excess of £300,000 PA (Commercial £98,460 PA, Residential £196,800 PA)
Two Vacant Flats Needing Refurbishment
Recent Works Completed to Rear Walkways/Staircases
Guide Price £2,800,000 (STC)