Lot 96: TOWN CENTRE COMMERCIAL INVESTMENT

Sold Prior

This purpose built town centre office is part of a building that comprises 14 residential apartments and the ground floor office. This extends to 97 sq.m. (1044 sq.ft.). The office is currently let to a care provider under the terms of a commercial lease. The office unit has the further major advantage of five car parking spaces, two of which are immediately behind the property and three further spaces behind a nearby building.

The property is considered ideal for addition to an income-producing commercial property portfolio. On the basis that commercial usage is in the future no longer desirable, it is considered that the property may have scope for residential conversion, subject to all necessary consents being obtainable.

Accommodation

Ground floor office suite with reception area and a range of meeting rooms/offices, cloakroom with W.C. and kitchen with side access to the rear car park.

Outside

Two car parking spaces immediately to the rear and three further spaces to the rear of 17-21 St Georges Walk.

Tenancy

Currently let under the terms of a commercial lease, for a term of five years from 31st August 2017, at current rental of £14,000 per annum.

Tenure

Held under the terms of a 125 year lease from 16 June 2017.

EPC Information

The property has EPC rating of: 60 (C)

Local Planning Authority

Havant Borough Council. Tel 023 9247 4174. Website: havant.gov.uk.

Commercial EPC: C