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187A West St

968 SF Retail Building Fareham PO16 0EN £175,000 (£181/SF) 7% Net Initial Yield

Storefront Properties Hampshire Fareham 187A West St, Fareham, HAM PO16 0EN

Investment Highlights

  • Well located
  • Future Development Potential
  • Lease until 22nd September 2029
  • Attractive Gross Yield of just over 7%

Executive Summary

The property is available to purchase the virtual freehold with the benefit of the current tenancy at a guide price of £175,000 exclusive.
The sale is subject to a 10 year lease from 23rd September 2019 at £12,000 pa with a tenant only break option and rent review at 5th year of the term, the lease is within the Landlord and Tenant Act 1954.

Attachments

fc5f9ef57e4d9493f666ee87578a4368 (1)

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
968 SF
Building Class
B
Year Built
1960
Price
£175,000
Price Per SF
£181
Net Initial Yield
7%
NOI
£12,250
Tenancy
Single
Number of Floors
1
Building FAR
0.26
Land Acres
0.09 AC
Parking
4.13 Spaces per 1,000 SF Leased
Frontage
14 ft on West Street
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Nearby Major Retailers

Costcutter
ALDI
Snap Fitness
Iceland
Lounges
Slug & Lettuce Company
Caffe Nero
ASDA
Tesco Superstore
Ask Italian
+44 23 9237 7800

  • Listing ID: 26004114

  • Date on Market: 23/06/2022

  • Last Updated:

  • Address: 187A West St, Fareham PO16 0EN

The Retail Property at 187A West St, Fareham, PO16 0EN is currently available For Sale. Contact Holloway Iliffe & Mitchell for more information.

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187A West St
+44 23 9237 7800 x

187A West St

Tom Holloway

+44 23 9237 7800

+44 23 9237 7800

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