110-112 West St 7,157 SF 100% Leased Retail Building Fareham PO16 0EP $1,227,051 ($171.45/SF) 7.24% Cap Rate
INVESTMENT HIGHLIGHTS
- Town Centre Investment comprising an amusement arcade at ground floor with five flats on the upper floors.
- Total income received from the Property is £70,745 per annum exclusive.
- 15 years unexpired term in respect of the upper floors, currently comprising 5No. residential flats.
EXECUTIVE SUMMARY
The property is a modern three storey building having been constructed under a flat roof in the mid-sixties, of brick construction with a title hung front elevation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
7,157 SF
Building Class
B
Year Built
1896
Price
$1,227,051
Price Per SF
$171.45
Cap Rate
7.24%
NOI
$88,838
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.29
Lot Size
0.05 AC
Frontage
24’ on West Street
AMENITIES
- Energy Performance Rating - C
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NEARBY MAJOR RETAILERS
CONTACT
-
James Fasal -
Warrant Group
