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40 West St 4,799 sq ft 100% Let Retail Property Havant PO9 1PG £480,000 (£100.02/sq ft) 9.69% Net Initial Yield
Investment Highlights
- Commercial & Residential
- Total Passing Rent: £46,500p.a.x.
- Fully Let
Executive Summary
The property comprises a 2 storey mixed use development with commercial at ground floor and 2 no. residential dwellings at upper floor. The ground floor commercial space is occupied by Savers, with the property fitted out in accordance with their corporate specifications with partitioned stores, office and staff facilities to the rear.
The upper floor forms a 2 bedroom residential dwelling with access from Elm Lane and Trafalgar Walk.
The ground floor is held on a full repairing an insuring head lease expiring 28th January 2029 passing £34,500p.a.x. with a tenants break option in 2027
The upper floor forms a 2 bedroom residential dwelling with access from Elm Lane and Trafalgar Walk.
The ground floor is held on a full repairing an insuring head lease expiring 28th January 2029 passing £34,500p.a.x. with a tenants break option in 2027
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
4,799 sq ft
Costar Property Class
B
Year Built
1935
Price
£480,000
Price per sq ft
£100.02
Yield
9.69%
NOI
£46,500
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Frontage
32 ft on West Street
Amenities
- Bus Route
- Commuter Rail
1 1
Nearby Major Retailers
1 of 2
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40 West St
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