220 Spring Road, Itchen, Southampton, SO19 2NT

Southampton, SO19 2NT

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220 Spring Road, Itchen, Southampton, SO19 2NT
Price £1,578,000
Rent (pa) £100,500
Yield 6%

Investment Summary

  • Secure freehold convenience store investment opportunity.
  • Prominent corner location in a residential suburb of Southampton
  • Recently built and well-presented property fit out in the Co-op’s latest format.
  • Total floor area of 4,250 sq ft.
  • Let to the undoubted covenant of Co-operative Group Food Limited
  • 15 year FRI lease wef 20th August 2020, expiring 19th August 2035 (10.25 years unexpired).
  • Current passing rent of £88,000 per annum (£20.71 psf).
  • 5 yearly upward only CPI reviews (1-3% collar and cap).
  • Forecasted rental uplift to £100,500 per annum (£23.64 psf)
Town Southampton
Postcode SO19 2NT
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