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2 Selsmore Rd
Hayling Island PO11 9LB
Retail Property For Sale
Investment Highlights
- Located in a prominent position in Hayling Island
- Unexpired term of approximately 9 years, 10 months
- 5.57% Net Initial Yield
- Attractive fully refurbished and extended building with a G.I.A of 3,484 sq ft (323 sq m) and 14 exclusive car parking spaces
- Five yearly upwards only rent reviews linked to RPI compounded – collared and capped at 2% and 4% per annum
- Offers in the order of £1,110,000 invited
Property Facts
Property Type
Retail
Property Subtype
Shopfront Retail / Residential
Property Size
3,484 sq ft
Costar Property Class
B
Year Built
1978
Tenancy
Single
Number of Floors
2
Parking
14 Spaces (4.02 Spaces per 1,000 sq ft Leased)
Frontage
47 ft on Selsmore Road
Amenities
- Security System
- Storage Space
About 2 SELSMORE RD , HAYLING ISLAND, HAM PO11 9LB
The property comprises of a two storey detached building with a multi-pitched slate roof, brick elevations and double-glazed fenestration throughout. The property has been extended and sensitively converted. Externally, there is a tarmacadam car park located to the rear of the property with 14 lined spaces. The Co-operative Food convenience store is situated in a prominent position on the junction of Selsmore Road and Mengham Avenue. The main shopping area for Hayling Island is within 50m of the site and the seafront is also within close proximity. Access to the area is very good with the A3023 running the length of the island leading to the A27 in the north.
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