PO8 2 London Road, Horndean, Waterlooville

Multi-Let Investment Opportunity

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.

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.

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.

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.

Each party to be responsible for their own legal costs incurred in the transaction.

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).

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