For Sale

Havant – Unbroken New Build Residential Investment Opportunity

1-41 Station View, 8 New Lane, Havant, PO9 2JH

Offers in excess of £8,000,000

Property Type:
Residential
Tenure:
Freehold

Description

  • A modern unbroken gated Freehold development completed in 2021
  • Comprising a total of 39 flats and 2 maisonettes:
    • 24 x one bedroom
    • 17 x two bedroom
  • 42 secure parking spaces, bin stores, caretakers office / storage room and landscaped gardens
  • GIA (excluding common parts): 2,482 sq m (26,716 sq ft)
  • Fully let producing a rental income of £449,880 per annum
  • Estimated Rental Value (ERV): £465,600 per annum
  • Less than 500 metres from Havant Station and within walking distance of Havant town centre
  • Excellent EPC ratings: 36 x B and 5 x C
  • Ten year New Build Warranty
  • Attractive market town on the edge of the rolling South Downs National Park with excellent connectivity to Portsmouth and Southampton

Offers are invited in excess of £8,000,000 for the Freehold interest subject to all tenancies, subject to contract.

An acquisition at this price would reflect a Gross Initial Yield of 5.6% and Gross Reversionary Yield of 5.8% based on ERV and a low capital value of £299 per sq ft.

Subject to contract