Summary - 2, Church Street, ROMSEY SO51 8BU
1 bed 1 bath Mixed Use
Prominent high-street retail plus two flats, delivering immediate income and 8% net initial yield.
Net initial yield 8.02% excluding purchasers' costs
A prominent mid-terraced, three-storey listed building on Romsey’s pedestrianised high street, offered with immediate income and a net initial yield of 8.02% (purchasers' costs excluded). The ground-floor shop is let to a well-rated retail operator on an effectively full repairing and insuring lease, producing £19,800 pa; two upper flats provide additional residential income and long-term capital exposure in a busy market town.
This is an investor-focused opportunity: freehold ownership, clear town-centre visibility and a strong tenant covenant (Credit Safe score 79, International A). The property’s period character — sash windows, painted brick façade and traditional shopfront — supports long-term appeal to shoppers and residents in Romsey’s affluent market environment, with good public transport links and nearby amenities.
Buyers should note material constraints: the building is listed, which will restrict alterations and can complicate insurance and maintenance. The commercial lease runs to April 2030 with a tenant-only break in April 2028 and an upwards-only rent review in 2028, leaving only seven years to term; many mortgage lenders may refuse lending on such a short lease. Crime levels in the area are reported as high, which may affect some occupiers’ perceptions.
Overall, the asset is best suited to a purchaser able to manage listed-building responsibilities and lease risk — either a private investor, an investor portfolio adding town-centre retail exposure, or a cash buyer prepared for medium-term asset management and re-letting risk at the break or expiry.
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