Office for sale in Bitterne Road East, Southampton, Hampshire SO18

An impressive period building on a plot of approximately 4,000 sq. Ft., believed to date from the mid-Victorian era, which has been occupied by a funeral director for over 60 years.

It comprises a reception space and two large waiting rooms on the ground floor, along with ancillary rooms to the rear which are linked to the occupier’s business plus a disabled access WC. On the first floor are a series of offices, kitchen, M&F WCs, staff room and boardroom. The property benefits from gas central heating, double glazing and fitted carpets and also offers period features including high ceilings and cornicing detail on the ground floor.

Externally there is a private car park for approximately 6 vehicles.

Accommodation

We have identified an approximate internal area of 2,432 sq. Ft. / 226 sq. M.

Tenure

We are instructed to seek offers of £495,000 for the freehold interest, subject to the existing occupational lease, which represents a capital value of £203 psf and a gross yield of almost 6%, before purchaser’s costs.

Title information

Freehold Title is HP398010 and Leasehold Title is HP549095. A data room is available, with details on request.

EPC rating

A new energy performance assessment is being commissioned.

Rateable value

According to the Valuation Office Agency website, the property has a rateable value of £25,250, valid from 1st April 2023.

Legal costs and VAT

Each party is expected to bear their own legal costs in this transaction.

It is to be established if the property is elected for VAT purposes. In any event, we would anticipate that the sale will be dealt by way of a togc.

Viewings

No direct approach to the occupier is permitted. All enquiries and appointments to view must be made by contacting Trinity Rose Commercial on or by emailing <br /><br />