2 London Road

Horndean, Waterlooville, PO8 0BZ

3,207 sq ft

Multi-Let Investment Opportunity

Summary

Prominent corner frontage
Well established tenants in local village
Tenants in occupation for 8 years plus
First floor previously used as residential
Tenants have option to park at Tyfield House
Five self-contained commercial units
Current income £36,496 pa with vacant unit on market for £12,000 pa
Owned for 45 years

Accommodation

The accommodation comprises the following areas:

Name	sq ft	sq m	Availability
Ground - 2 London Road	1,243	115.48	Available
Ground - 2a London Road	386	35.86	Available
Ground - 2b London Road	504	46.82	Available
1st - Front FF 2 London Road	521	48.40	Available
1st - Rear FF 2 LOndon Road	553	51.38	Available
Total	3,207	297.94

Location

Horndean is located on the southern fringe of South Downs National Park, approximately eight miles south of Petersfiled, eight miles north of Portsmouth, connected and bisected by the A3(M). The village has benefited from good access to the A3(M) which has led to local development.

The nearest railway station is two miles to the south east at Rowlands Castle, whilst mainline stations with direct trains to London Waterloo are available at Petersfield (1 hour 10 minutes) and Havant, five miles to the south ( 1 hour 24 minutes).

Get directions from Google Maps

Mainline Stations

Rowlands Castle

43 mins
Bedhampton

80 mins
Havant

80 mins
Warblington

84 mins

Underground Station

Reading

727 mins
Twyford

758 mins
Tadworth

812 mins
Tattenham Corner

823 mins

Further Information

Price £550,000

Rates Payable Upon Enquiry

Description

2 London Road occupies a prominent corner frontage onto London Road and Blendworth Lane. The property is comprised of two ground floor retail units facing onto London Road and a retail unit at the rear facing onto Blendworth Lane, which has access to a small courtyard.

The first floor offices are both self contained with separate access to each offices which both have office space, kitchenette and a W/C.

Terms

We have been instructed to market the freehold interest at a price of £550,000 (Five Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.

Tenancies

Please refer to the tenancy schedule at the end of marketing brochure.

Total Income is £36,496 per annum with one vacancy guiding at £12,000 pa. Once fully let, total income is anticipated to be £48,496 per annum.

As part of the tenants leases, they have the right to park at Tyfield House. This is on a first come, first served basis. Tyfield House could be available by way of separate negotiation.

AML

In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser and any beneficial owner together with evidence/ proof identifying the source of funds being relied upon to complete the transaction.