Boots Opticians Ltd, 391 Bitterne Road, Bitterne Village, Southampton | Property for sale | Savills
Guide price £150,000($292,937)

Boots Opticians Ltd391 Bitterne Road, Bitterne Village, Southampton

  • New
  • Sole agency
  • Freehold
Investment
Yield 12%Yield

Key features

  • High Yielding Retail Investment Opportunity
  • Let to Boots Opticians Professional Services Limited
  • New Five Year Lease Expiring 30/04/2029
  • High Footfall Pedestrianised Street
  • VAT-Free Investment
  • Investment Let at £18,500 p.a. (12.3% GIY on Guide Price)

High Yielding Retail Investment Opportunity Let to Boots on a New Five Year Lease Expiring 30/04/2029 Investment Let at £18,500 per annum

About this property

  • The property comprises a high yielding retail investment let to the well regarded covenant of Boots and situated on a high footfall pedestrianised street. Arranged as a ground floor retail unit (with the upper parts sold off on a long leasehold basis) the property is let to Boots Opticians Professional Services Limited on a new five year lease expiring 30/04/2029 and paying £18,500 per annum The property is situated on the south side of Bitterne Road fronting the pedestrianised section, in the heart of the retail area. Nearby occupiers include Lloyds Bank, Pure Gym, Iceland, Specsavers and Superdrug, amongst many more.

Additional information

  • The ground floor is let to Boots Opticians Professional Services Limited on a new five year lease expiring 30/04/2029 and paying £18,500 per annum. The lease includes tenant break options in 2026 and 2028.
  • The upper parts are let on a single long lease expiring 28/09/2138 and paying a peppercorn rent.
  • Boots Opticians Professional Services Limited
  • D&B Rating - 3A2
  • Turnover (2023) - £382.7m
  • Pre-Tax Profit (2023) - £34.9m