110-112 West St 7,157 SF 100% Leased Retail Building Fareham PO16 0EP £925,000 (£129.24/SF) 7.24% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Town Centre Investment comprising an amusement arcade at ground floor with five flats on the upper floors.
- Total income received from the Property is £70,745 per annum exclusive.
- 15 years unexpired term in respect of the upper floors, currently comprising 5No. residential flats.
EXECUTIVE SUMMARY
The property is a modern three storey building having been constructed under a flat roof in the mid-sixties, of brick construction with a title hung front elevation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
7,157 SF
Building Class
B
Year Built
1896
Price
£925,000
Price Per SF
£129.24
Net Initial Yield
7.24%
NOI
£66,970
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
3.29
Lot Size
0.05 AC
Frontage
24 ft on West Street
AMENITIES
- EPC - C
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NEARBY MAJOR RETAILERS
