54 Hamble Lane

The property is situated in Hamble and approximately 3 miles south of the M27, Junction 8 providing excellent accessibility to the motorway network in all directions. The premises are located fronting a busy main road (Hamble Lane) surrounded by an established residential district. Local shopping is available close by at the Coronation Parade. The property consists of two storey building, with a commercial unit on the ground floor, with a self contained 3 bedroom residential apartment above. Benefits include parking spaces at the front of the premises, with a shared access driveway, leading to further parking at the rear and a garage. The Ground floor is currently configured as a Veterinary Practice, let to CVS (UK) Ltd, with the first floor residential apartment being let on an informal lease at present. The residential property includes three good sized bedrooms, with a beautifully presented lounge and kitchen area. Residential flat accessed separately to the rear of the property.

• Guide price £450,000
• Total income £32,440 per annum
• Net Initial Yield 7.1%
• Located in an established residential district
• Parking spaces available
• Close proximity to junction 8, M27 and Coronation Parade
• No VAT payable
• Residential apartment above with private access