Retail premises for sale

High Street, Hythe, Southampton, Hampshire SO45

Freehold retail portfolio investment for sale. Nine units situated on Hythe High Street and The Marsh, on Southampton Waterside, producing an attractive net inital yield of 8%.

Trinity Rose Commercial have been appointed to dispose of a fully-let freehold retail portfolio near Southampton. The asset comprises two terraced buildings with nine units in total plus a car park, producing income of £131,800 pa (niy 8%) with a WAULT of over 5 years.

The tenant blend includes two pizza restaurants, two opticians (also offering hearing care), two retail units, café, fish and chip shop and an Italian restaurant. All of the businesses, bar one, are extremely well established and have been in occupation for many years. A tenancy schedule and data room is available on request. Please note that there is no residential element within any of the units.
Situation

Hythe is an established commercial centre for the Waterside area, overlooking Southampton Water and serving a substantial and loyal residential catchment to the south-west of this busy port. The town benefits from a defined retail pitch along its High Street and Marsh precinct, anchored by a strong mix of convenience-led occupiers, local independents and service uses that drive consistent daily footfall. Enjoying excellent connectivity, with easy access to the A326 and M27, it underpins Hythe’s role as a key trading location for both retailers and investors, offering resilient demand and long-term commercial appeal.
Accommodation

The following properties / businesses are contained within the portfolio:
6 High Street – Oxfam
6A High Street – Tackle & Bait
7 High Street – Amalfi
9 High Street – Scrivens
Unit 1, The Marsh – Marina Fish Bar
Unit 2, The Marsh – Millie’s Tea Room
Unit 3, The Marsh – Roccos’s Pizza
Unit 4, The Marsh – Dawkins & Lodge
Unit 5, The Marsh – Domino’s
Tenure

We are instructed to seek offers of £1.55m for the freehold interest in Title Number HP213413, subject to contract, to include all subsisting leases. A purchase at this level equates to a low capital value of c. £200 per square foot and a net initial yield of c. 8%, after standard purchaser’s costs.
Legal costs & VAT

Each party is expected to bear their own legal costs in this transaction.

The property is not elected for VAT purposes.
Viewings

All enquiries should be directed to the joint agents:

Trinity Rose Commercial: Or Jon Baud)
Mason & Owen: Or Simon Bland)

No approach to the current occupiers is permitted. Viewings are strictly by appointment only with Trinity Rose Commercial.