Summary - 58, WEST STREET PO9 1PG
3 bed 1 bath Mixed Use
### Standout Features:
- **Mixed Use Property**: Ground floor retail shop with a self-contained flat above
- **Investment Potential**: Current rental income of £28,000 p.a. with a gross initial yield of 5.60%
- **Parking**: Rear parking space for 6-7 cars
- **Location**: Centrally located near major brands including McDonald's and Thomas Cook, close to public transport
- **Tenancy**: 10-year lease with tenant break option in the 5th year
### Property Summary:
This mixed-use property at 58 West Street, Havant, presents an excellent investment opportunity with a solid rental income and significant potential for capital growth. The property encompasses a spacious ground floor retail area of 1,480 sq ft, ideal for various commercial endeavors, while the self-contained first-floor flat offers three rooms, kitchen, and bath—perfect for residential or rental purposes.
Notably, the property includes a rear car park that accommodates approximately 6-7 cars, a valuable asset in this central location. With a strategic position surrounded by popular retailers and quick access to public transport, it boasts both foot traffic and visibility.
While the property stands as an attractive investment, potential buyers should consider the existing condition and possibly budget for some updates to the fixtures and facilities. Additionally, proximity to a high foot traffic area means there could be future scope for enhancements or alterations, making this property not just a home, but a blend of residential comfort and commercial readiness in a bustling community setting.
This property is sure to generate interest, given its unique combination of commercial and residential use—don't miss out on the chance to add this versatile asset to your portfolio!
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