Summary - 61, SOUTH STREET PO9 1BZ
1 bed 1 bath Office
**Standout Features:**
- Freehold single let office investment
- Recent lease renewal by tenant, indicating stability (Net initial yield of 8.09%)
- Grade II Listed building with potential for future development (STP)
- Large size (2,870 sq ft) with off-street parking and private garden
- Strategically located near A27, A3(M), and M27
- High traffic area with strong local amenities and footfall
- Historical and modern charm in a vibrant market town
**Concerns:**
- Grade II Listing may limit renovation flexibility
- Above average crime rate in the area
- Potential area deprivation
Discover a valuable investment opportunity in Havant with this impressive Grade II Listed detached three-story office building, boasting a spacious 2,870 square feet. Recently renewed lease by the current tenant showcases their commitment to the property, generating a robust net initial yield of 8.09%. The property is set in a dynamic, mixed-use area, ensuring it benefits from high foot traffic and excellent connectivity to major roads, making it ideal for commercial ventures.
The building offers off-street parking and a substantial garden, providing unique versatility for adaptations or future residential conversions, subject to planning consent. Located in a town recognized for its ongoing regeneration plans, this sizeable property provides not only security and comfort for potential investors but also an exciting opportunity for future growth. While the area does face challenges, including a higher crime rate and designation as a deprived area, the increasing demand for local businesses presents a promising outlook. Don’t miss out on this chance to secure a prime asset in a thriving location!
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