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40 West St 4,799 SF 100% Leased Retail Building Havant PO9 1PG $885,288 CAD ($184.47 CAD/SF) 9.69% Cap Rate
Investment Highlights
- Commercial & Residential
- Total Passing Rent: £46,500p.a.x.
- Fully Let
Executive Summary
The property comprises a 2 storey mixed use development with commercial at ground floor and 2 no. residential dwellings at upper floor. The ground floor commercial space is occupied by Savers, with the property fitted out in accordance with their corporate specifications with partitioned stores, office and staff facilities to the rear.
The upper floor forms a 2 bedroom residential dwelling with access from Elm Lane and Trafalgar Walk.
The ground floor is held on a full repairing an insuring head lease expiring 28th January 2029 passing £34,500p.a.x. with a tenants break option in 2027
The upper floor forms a 2 bedroom residential dwelling with access from Elm Lane and Trafalgar Walk.
The ground floor is held on a full repairing an insuring head lease expiring 28th January 2029 passing £34,500p.a.x. with a tenants break option in 2027
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
4,799 SF
Building Class
B
Year Built
1935
Price
$885,288 CAD
Price Per SF
$184.47 CAD
Cap Rate
9.69%
NOI
$85,762 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Frontage
32’ on West Street
Amenities
- Bus Line
- Commuter Rail
1 1
Nearby Major Retailers
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Videos
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Photos
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40 West St
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