40 West Street, Havant, HAM

The property comprises a two storey terraced building of masonry construction, totalling 4,800 sq ft of commercial space and 1,312 sq ft of ancillary residential space.
The property is located on the north side of the pedestrianised West Street which is the main retail thoroughfare in Havant town centre, close to Meridian Shopping Centre.

Sale Notes:
The investment opportunity comprises the freehold interest in a two storey retail and residential property. The entire property is let to Savers Health and Beauty Ltd until 2017, with the residential accommodation sublet on an AST.
Offers are sought in the region of £720,000 for the benefit of the freehold interest. This reflects a NIY of 7.36% after costs. The entire property is let to Savers Health & Beauty Ltd. for a term of 15 years from 6th September 2002 on a FRI Lease. The current rent is £53,000 p.a.x. The property has been elected for VAT and hence VAT will be payable on the purchase price.