Leisure/hospitality for sale

The Triangle, Bitterne Park, Southampton, Hampshire SO18

The property forms part of Bitterne Triangle, which is the hub of the Bitterne Park community, offering a number of independent and national retailers. This well-established commercial parade is ideally placed for trade and close to local amenities, with the nearby River Itchen and travel network routes to the city centre and surrounding areas.

This freehold interest includes a two storey commercial property offering a comprehensive level of accommodation.

The ground floor has been split into two separate commercial units, one being a dentist and the other a dental laboratory. There is a reception, an office and multiple treatment rooms. Outside at the rear there is a decked area with access to the basement store.

The first floor element of the building comprises of two one-bedroom flats which are accessed via a communal stairwell from the front door and have been sold off on long lease holds.

Ground Floor 868 Sq Ft (80.70 Sq M)
Basement 484 Sq Ft (44.94 Sq M)
Total Net Internal Area 1352 Sq Ft (125.64 Sq M)

We believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe`, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.

Asset Rating - E (101)

Rateable Value £19,000
Source

Offered for sale by traditional auction with a guide price of £140,000 subject to contract for the freehold interest subject to subsisting tenancies. Auction end date is 10th September 2026. We understand VAT is not applicable however all parties are advised to make their own enquiries into the matter.

Investment Opportunity

Auction End Date 10th September 2026

Two Storey Commercial Unit

Freehold

Rental Income of £14,300 per Annum plus Ground Rent

Busy Local Parade Location

3 The Triangle - The two commercial units are let by way of a single lease at £14,300 per annum.

3b The Triangle - The property is let by way of a lease dated 26th January 2018 for 189 years from 24th June 1989 with a peppercorn ground rent.

3c The Triangle - The property is let by way of a lease dated 29th September 1989 for 99 years from 24th June 1989 with a current ground rent of £120 per annum (rising to £250 per annum throughout the term of the lease).

Buyers are advised to satisfy all enquiries regarding the status of the tenancy, prior to bidding.