Marketed by
Warrant Properties
Watford
1 Wellstones, Watford WD17 2AE
Available
1 of 3
Fixed Price
£925,000
110-112 West Street Fareham Hampshire PO16 0EP
7175 sq. ft (665.14 m²)
Key features
- Town Centre Investment comprising an amusement arcade at ground floor with five flats on the upper floors.
- Total income received from the Property is presently £62,451 per annum exclusive.
- Net Initial Yield of 6.39% assuming purchasers normal purchaser’s costs
- 12 years unexpired term in respect of the upper floors, currently comprising 5 No. residential flats.
Description
The town of Fareham forms part of the Solent conurbation, midway between Portsmouth and Southampton city centres with a borough population of some 108,000. The town lies 6 miles north-west of Portsmouth. The town enjoys immediate access from Junctions 9, 10 and 11 of the M27 Motorway.
The property is situated in the retailing area of the town, which is centred on West Street. Occupiers close by include J D WETHERSPOON, LADBROKES, ARGOS, MCDONALD’S, GREGGS, W H SMITH, TSB BANK, LOUNGERS, NANDOS and NATIONWIDE.
The property is a modern three storey buiding having been constucted under a flat roof in the mid-sixties, of brick construction with a tile hung front elevation.
Marketed by
Warrant Properties
Watford
1 Wellstones, Watford WD17 2AE
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Marketed by
Warrant Properties Watford