Log In/Sign up
Your email has been sent.
2 Church St 712 sq ft Retail Property Romsey SO51 8BU £375,000 (£526.69/sq ft) 8.44% Net Initial Yield
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
The freehold is for sale for offers in excess of £375,000 reflecting an initial yield of 8.44% excluding purchasers costs.
This investment property comprises a three-storey Grade II listed building generating a total income of £31,620 per annum from a ground-floor retail unit and 2x two bedroom flats. The 712 sq ft shop has frontage to Church Street and is visible from Market Place. It is let to Tidal Vapes Limited on a 7-year lease from April 2023, expiring April 2030, at a rent of £19,800 per annum.
This investment property comprises a three-storey Grade II listed building generating a total income of £31,620 per annum from a ground-floor retail unit and 2x two bedroom flats. The 712 sq ft shop has frontage to Church Street and is visible from Market Place. It is let to Tidal Vapes Limited on a 7-year lease from April 2023, expiring April 2030, at a rent of £19,800 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
712 sq ft
Costar Property Class
C
Year Built
1897
Price
£375,000
Price per sq ft
£526.69
Yield
8.44%
NOI
£31,650
Tenancy
Single
Number of Floors
3
Plot ratio
0.55
Total Plot Size
0.03 ac
Amenities
- Bus Route
- Security System
- EPC - C
- Storage Space
1 1
Nearby Major Retailers
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2 Church St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.