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61 South St 2,870 sq ft 100% Let Office Property Havant PO9 1BZ £365,000 (£127.18/sq ft)
Investment Highlights
- Freehold single let office investment.
- Net initial yield of 8.09% assuming standard purchaser's costs of 4.12%.
- Suitable for alternative uses in the future (STP).
- Tenant has recently renewed lease which shows their commitment to the property.
- Grade II Listed.
- Within easy reach of A27, A3(M) and M27.
Executive Summary
The property comprises of a single let, three storey detached office building in a predominantly residential area. The property is carpeted throughout and is decorated to good decorative order. The property benefits from a parking area for several cars and a sizeable garden.
£30,750 per annum exclusive
£30,750 per annum exclusive
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
2,870 sq ft
Costar Property Class
B
Year Built
1950
Price
£365,000
Price per sq ft
£127.18
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
957 sq ft
Plot ratio
0.43
Total Plot Size
0.15 ac
Amenities
- Bus Route
- Security System
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61 South St
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