Summary - 435, MILLBROOK ROAD WEST SO15 0HX
1 bed 1 bath Shop
Income-producing mixed retail and residential property near Southampton centre.
New ground-floor lease in place with Ladbrokes
A mixed-use investment on Millbrook Road West, offering immediate income from a new ground-floor lease to Ladbrokes. The property produces a stated annual income of £32,775 and extends to about 1,926 sq ft across retail and two upper residential units, making it a straightforward yield purchase close to Southampton city centre.
The building is a mid-20th-century terraced brick unit with a utilitarian shopfront and modest upper flats. Transport links are strong — the M271/M27 and mainline station are nearby, and local bus routes run along the road — supporting long-term tenant demand for the retail unit and short- to medium-term residential lettings.
Notable positives include a new commercial lease, no VAT payable, fast broadband and excellent mobile signal. Drawbacks that materially affect risk: the local recorded crime level is high, parking is on-street only, and the residential tenure details are not provided, so buyer due diligence on the flats’ tenancies and service arrangements is essential. The flats appear modest in size and may require modernisation to achieve higher residential rents or re-letting speed.
This is a practical, income-focused opportunity for an investor seeking a city-edge parade unit with immediate cash flow. Buyers should allow for management oversight, potential refurbishment of the residential units, and site-specific risk mitigation given the urban location and crime data.
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