112 Shirley High Street, Southampton, SO16 4EZ

An excellent opportunity to acquire a well-located mixed-use investment comprising a ground floor retail unit let to a highly established tenant, together with a first-floor residential development opportunity offering significant value-add potential. The ground floor is occupied by Landmark Entertainments Ltd, trading as Richmond Leisure, a long-standing adult gaming centre operator which has traded from the premises for over 35 years. The tenant will enter into a new 15-year FRI lease, subject to a tenant break at Year 10, at an initial rent of £30,000 per annum. A rent deposit will be provided and strong full company accounts are available upon request. The first floor is currently arranged as a spacious two-bedroom flat to the front, with office accommodation to the rear. The space offers potential for conversion and reconfiguration to provide a number of self-contained residential units, subject to planning. There is also potential to extend the first-floor over the existing flat roof to the rear, increasing the available floor area and scope of any future residential scheme. Subject-to-planning offers are welcome and developers are encouraged to inspect the property to assess the development potential and establish the scheme that may be achievable.