Investment for sale Romsey SO51 8BU,712sq ft

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Investment

Investment For Sale Romsey

PROPERTY ID: 124168

PROPERTY TYPE

Investment

STATUS

Available

SIZE

712 sq.ft

Key Features

Town Centre Location

Net Initial Yield of 6.72% excluding purchasers costs.

Character Features

Listed Building

Property Details

Romsey is a busy and affluent Market town in South Hampshire, approximately 9 miles north west of Southampton and 4 miles from Junction 3 of the M27. The subject property is in the Town Centre close to a variety of shops, restaurants and Romsey Abbey. Local occupiers include Costa Coffee, Boots and Barclays Bank. Romsey has its own railway station with frequent services to Southampton, Salisbury and Eastleigh. Southampton Airport is approximately 5 miles to the East.

The Property Is A Three Storey Listed Building. The 712 Sq Ft Shop Has Frontage To Church Street And Is Visible From Market Place. The Shop Provides A Combination Of Sales And Storage Areas With Staff Facilities To The Rear Of The Property. There Are Two 2 Bedroom Flats, One Of Which Is Let On An Assured Shorthold Tenancy At An Annual Rent Of £10,800 Per Annum. The Other Flat Is Sold Off On A Long Lease. The Owner Pays A Ground Rent Of £50 Per Annum. Please See Tenancy Schedule Overleaf.

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About the Agent

Keygrove Chartered Surveyors

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Investment Unit

£465,000 Freehold

2 Church Street, Romsey, SO51 8BU

Investment - Available
712 sq ft
66 sqm

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