Commercial Property for sale

Park Parade, Havant

Contact Agent

Call Agent 01483 941010

Marketed by

Kings Estates Commercial

28 Chertsey St, Guildford GU1 4HD, UK

Properties for sale Properties to let

SSTC

1 of 10

£120,000

Park Parade, Havant

Contact Agent Call Agent 01483 941010

Description

*FREEHOLD OPPORTUNITY*INVESTMENT OPPORTUNITY WITH 8% YIELD* Ground floor commercial space with tenant in situ until 2031 on a full repairing lease. Comprising of 72sqm which includes multiple store rooms, a kitchenette with plumbing for washing facilities and W/C this property also includes 4 designated parking spaces.
Details -

LOCATION
Located in Park Parade shopping precinct in Havant.

DESCRIPTION
Freehold for sale. This ground floor commercial space is occupied by nail/beauty business, with the property fitted out in accordance with their specifications with 3 good sized storage rooms at the back of the property along with a W/C and kitchenette with plumbing for washing facilities. Four designated parking spaces located at the back of the property.

Lease Summary

Achieving a current rent of £10k per annum.

The current tenant is on a full repairing lease until 2031 with 2 yearly rent reviews the next one due 1st October 2026 and has paid a £2000 deposit.

ACCOMMODATION
Ground floor 72sqm commercial space

Upstairs consists of a residential maisonette which has been sold off on a long lease.

PARKING NOTES
4 designated parking spaces at the back of property.

Reference: 43863_34431632

All commercial properties for sale in Havant

Marketed by

Kings Estates Commercial

28 Chertsey St, Guildford GU1 4HD, UK

Properties for sale Properties to let