207 West Street
Ref 10266
Address 207 West Street, Fareham, Hampshire, PO16 0EN
Property type Investment - Office
Size 2,283 Sq Ft
Freehold £250,000
The town of Fareham is situated between Southampton and Portsmouth on the M27/A27. Southampton is approximately 15 miles to the west and Portsmouth about 8 miles to the south-east. The subject property is located within the town centre in a mixed commercial and residential location and adjoining properties comprising offices, secondary shopping and some residential. In close proximity, on the opposite side of West Street, is an Aldi supermarket. The property comprises a ground floor day nursery and four self contained flats on the upper parts. The ground floor day nursery is configured to provide an entrance hall, staff office, open plan toddler area with WC, store, staff room, kitchen, WC's, sleep room, open plan pre-school area and covered external space used for storage. Windows are uPVC double glazed. Externally, to the rear is a garden/play area. There is no off-street parking at the premises. The flats on the upper floor have been sold off.
- GIA - 2,283 sq.ft (212.1 sq.m)
- Total Commercial Income £24,000 per annum
- Net Initial yield 8.2%
- Childrens day nursery
- Ground floor space "Uppers sold off"
- Guide price £250,000