Briton House, 10-12 Briton Street, Southampton, SO14 3EB

Prominent HQ Office Investment In The Heart Of Southampton: Briton House 10-12 Briton Street Southampton SO14 3EB.

Offers are sought in excess of £3,850,000 (Three Million, Eight Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 7.56%, a Net Reversionary Yield of 9.50% (Assuming £18 per sq ft ERV) and a Capital Value of £178 per sq ft after allowing for acquisition costs of 6.53 %.

Location

Briton House is situated within Southampton city centre at the junction of Briton Street and Orchard Place, in close proximity to the city's main shopping and leisure destinations.

Westquay Shopping Centre is situated a short walk to the north with Ocean Village to the south comprising a yacht filled marina surrounded by shops, restaurants, bars, and a cinema. In addition, Southampton Central Station is easily accessible via local bus services or 20 minutes on foot.

Accommodation

Briton House is a modern five-storey office building, constructed in the early 2000's totalling 21,681 sq ft (2,014 sq m). The property has brick elevations with a pitched slate roof. Internally the property benefits from a double height glazed entrance, suspended ceilings, raised floors, air conditioning and two passenger lifts.

The property provides 44 secure car parking spaces that are configured on ground and lower ground floor level, providing an appealing ratio of 1:493 per sq ft.

EPC

Individual EPC reports have been prepared and are available upon request.

Viewing

Strictly by appointment with the sole agents.

Key Features


( Agency Pilot Software Ref: 110309 )