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187A West St

968 SF Retail Building Fareham PO16 0EN $311,939 CAD ($322 CAD/SF) 7% Cap Rate

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

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Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
968 SF
Building Class
B
Year Built
1960
Price
$311,939 CAD
Price Per SF
$322 CAD
Cap Rate
7%
NOI
$21,836 CAD
Tenancy
Single
Building Height
1 Story
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: 2022-06-23

  • Last Updated:

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

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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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