Summary - West Street, Havant, Hampshire, PO9 PO9 1PG
1 bed 1 bath Retail Property (high street)
Fully let mixed‑use asset on busy pedestrian thoroughfare, near the station.
Freehold mixed‑use building with retail and residential units
Fully let at present; total passing rent £46,500 per annum
Large overall size — total floorspace approximately 5,830 sq ft
Ground-floor Savers fitted to corporate specification, low immediate capex
Head lease expires Jan 2029; tenant break option in 2027
Only four years of lease term remaining — lenders may refuse mortgages
Area classified as deprived, above‑average crime and medium flood risk
Property elected for VAT; transaction may be treated as a TOGC
This high‑street freehold in central Havant offers a large mixed‑use building fully let to retail and residential tenants. The ground floor is occupied by a national operator (Savers) fitted to their specification, providing immediate income and minimal short‑term capex at trading level. The upper floor provides two residential units let on short tenancies, adding diversified rental income.
Income and location are the main attractions: total passing rent is £46,500pa, and the property sits on a busy pedestrianised West Street close to Havant station and many national and independent retailers. The building is elected for VAT, so the sale could be treated as a transfer of a going concern (TOGC), which may suit VAT‑aware investors.
There are material lease and area considerations. The head lease on the ground floor expires 28 January 2029 with a tenant break option in 2027, and the upper floor tenancy is a short assured tenancy starting 12 September 2025 on a rolling basis. Only four years remain on the head lease, which will likely deter mortgage lenders and reduce options for standard bank financing. The area is classified as deprived with above‑average crime and a medium flood risk — factors that affect long‑term growth and occupational demand.
This asset will suit a cash buyer or an investor experienced in short lease management and active asset repositioning. There is scope to review lease structures and re‑let or refurbish when longer occupational stability is required, but purchasers should budget for active management and consider site‑specific risks before proceeding.
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