Commercial Property in PO9 available for sale
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Commercial Properties for Sale in PO9

Find commerical property for sale in PO9 that meets your business or investment goals

More details for 58 West St, Havant - Retail for Sale

58 West St

Havant, PO9 1PG

  • Retail for Sale
  • £500,000
  • 1,976 sq ft
  • Air Conditioning

Havant Retail for Sale

Investment Consideration: Gross Initial Yield: 5.60% Rental Income: £28,000 p.a. VAT is NOT applicable to this property Comprises ground floor restaurant and a self-contained flat at first floor Includes car park at rear for c. 6-7 cars Central location close to public car parks, bus and rail stations Nearby occupiers include McDonalds, Thomas Cook and British Heart Foundation. Property Description: The property comprises ground floor restaurant and residential flat at first floor. The flat is separately accessed from the rear and provides 3 Rooms, kitchen and bathroom. The property includes large car parking at rear for c.6-7 cars and provides the following accommodation and dimensions: Ground Floor: 138 sq m (1,480 sq ft) Open plan restaurant, kitchen, storage, wc First Floor Flat: 46 sq m (496 sq ft) 3 Rooms, Kitchen, Bathroom Total GIA: 184 sq m (1,976 sq ft) Tenancy: The property is at present let to Malbari Limited (with personal guarantee) for a term of 10 years from 14th October 2024 at a current rent of £28,000 p.a. and the lease contains full repairing and insuring covenants. Rent review in the 5th year open market upward only. Tenant break option in the 5th year with min 6 months notice. Deposit held of £7,000. Lease within Landlord & Tenant Act 1954. Location: Havant is strategically located on the A27/M27/A3(M) and forms part of the extensive M27 / Solent corridor, providing easy access to Portsmouth, Southampton and London. Havant benefits from a mainline railway station with direct trains to London and the south coast. The property is situated in the centre of Havant, on the northern side of West Street. There is public car parking nearby and the railway station is located a short distance from the premises. Nearby occupiers include McDonalds, Thomas Cook and British Heart Foundation.

Contact:

Blue Alpine Partners Ltd

Property Subtype:

Shopfront Retail / Residential

Date on Market:

19/10/2024

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More details for Park Road South – Office for Sale, Havant

Park Road South

  • Retail for Sale
  • £2,500,000
  • 29,611 sq ft
  • 4 Retail Properties

Havant Portfolio of properties for Sale

The freehold is avaialable for purchase at a guide price of £2.5m exc VAT subject to contract, for the Freehold interests subject to the subsisting tenancies. This reflects a highly attractive Net Initial Yield of 8.49% on the contracted income assuming purchaser’s costs of 6.38% and Net Reversionary Yield of 12.38%. The freehold title is in the process of being registered. The property will therefore be sold subject to completion of that registration, which will be Possessory Title, with inclusion of an indemnity policy The property comprise a prominent multi-let commercial premises incorporating a main two storey ‘L’ shaped block with predominantly ground floor retail and first floor offices. Two retail units, located on the most southerly section of the building, extend over first floor. In addition to the main block is a detached workshop / store located in the central parking area (West End Store) and also a single storey flat roof office / retail unit (1B Brockhampton Lane), adjacent the vehicular access point from Brockhampton Lane. There is also vehicular access from Park Road South. The first floor office suites are split into three sections; 8 Park Road South, (comprising 7 suites), 1A Brockhampton Lane (comprising 9 suites) and two suites located above 41-45 West Street. All three have their own secure ground level pedestrian access points leading to stairwell. The office accommodation is well presented with modern double glazed uPVC windows, carpet, mix of suspended and plasterboard ceilings with either inset or mounted lighting, plus gas central heating with two boilers located within the communal areas. All parking on site is allocated to occupiers.

Contact:

Hellier Langston Ltd

Date on Market:

24/09/2024

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More details for 34 The Green, Rowlands Castle - Retail for Sale

Fountain Inn - 34 The Green

Rowlands Castle, PO9 6AB

  • Retail for Sale
  • £495,000
  • 11,124 sq ft
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More details for New Ln, Havant - Land for Sale

Former Colt International Site - New Ln

Havant, PO9 5FY

  • Land for Sale
  • Price Upon Request
  • 1.93 ac Plot
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FAQs About Commercial Property For Sale in PO9

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How many commercial properties are currently available for sale in PO9?
There are currently 6 commercial properties available for sale. Sizes range from to , with an average size of. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in PO9?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

Discover More Commercial Properties for Sale in the PO9

You searched for commercial property for sale in PO9. Explore 6 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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