South Park Court Park Rd S 6,830 SF 100% Leased Retail Building Havant PO9 1HA £1,790,000 (£262.08/SF) 8.20% Net Initial Yield


INVESTMENT HIGHLIGHTS
- Well-Maintained Development
- Excellent Transport Links
- Nearby Amenities
EXECUTIVE SUMMARY
This mixed-use investment property at South Park Court, Park Street, Havant, offers a secure income with two commercial units and four residential flats. Completed in 2008 and well-maintained, the two commercial units are leased to Majestic Wine Warehouse Ltd and Beach Leisure Ltd, each on a 15-year lease. The flats, let on Assured Shorthold Tenancies (ASTs), further add to the rental income. With a total annual rental income of £146,904 and a strong NIY of 8.2%, this property presents an excellent opportunity for investors seeking a high-yielding asset.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
6,830 SF
Building Class
B
Year Built
2011
Price
£1,790,000
Price Per SF
£262.08
Net Initial Yield
8.20%
NOI
£146,780
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Building FAR
0.05
Lot Size
3.14 AC
Parking
13 Spaces (1.9 Spaces per 1,000 SF Leased)
Frontage
134 ft on Park Road South
AMENITIES
- Commuter Rail
- Signage
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS








