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61 South St 2,870 SF 100% Leased Office Building Havant PO9 1BZ $493,523 ($171.96/SF)
Investment Highlights
- Freehold single let office investment.
- Net initial yield of 8.09% assuming standard purchaser's costs of 4.12%.
- Suitable for alternative uses in the future (STP).
- Tenant has recently renewed lease which shows their commitment to the property.
- Grade II Listed.
- Within easy reach of A27, A3(M) and M27.
Executive Summary
The property comprises of a single let, three storey detached office building in a predominantly residential area. The property is carpeted throughout and is decorated to good decorative order. The property benefits from a parking area for several cars and a sizeable garden.
£30,750 per annum exclusive
£30,750 per annum exclusive
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
2,870 SF
Building Class
B
Year Built
1950
Price
$493,523
Price Per SF
$171.96
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
957 SF
Building FAR
0.43
Lot Size
0.15 AC
Amenities
- Bus Line
- Security System
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61 South St
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