9 west Street, Havant

FREEHOLD INVESTMENT

GUIDE PRICE £1,000,000

LOCATION

This property is located in the pedestrianised area of West Street by The Meridian Shopping Centre which is full of major retailers. Havant has good rail links to Waterloo London within an hour and A3, A27 and M27 are all good road links to the coast, London and other surrounding areas. Havant is located in the South East of England near to Southampton and Portsmouth.

DESCRIPTION

The property was newly built in 2004 comprising of ground floor retail unit and three floors of 14 apartments.

8 x 1 bedroom apartments and 6 x 2 bedroom apartments.

Net income:              £70,100

Rental value:            £62,700

ERV retail:                £431 psm/ £40 psf

Net initial yield:         6.03%

Revenue yield:         5.39%

Equivalent yield:       5.65%