Price
Rent
Net Initial Yield
Tenure
• Southampton is the premier retailing destination on the south coast and ranks in the Top 20 UK retail centre (Promis).
• The property occupies a prime position on the western side of the pedestrianised section of Above Bar Street, close to the main entrance to the West Quay Shopping Centre.
• Let to the undoubted covenant of TSB Bank PLC until June 2033 without break, at a rental of £160,000pa.
• Freehold.
We are instructed to seek offers in excess of £1,675,000 (One Million Six Hundred and Seventy Five Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 9% assuming standard purchaser costs.
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