Acquired
Havant – Restaurant & Flat
58 West Street, Havant, Hampshire PO9 1PGFreehold Restaurant and Residential Investment
Tenure
Freehold
Lease Term
20 Years
Years Left on Lease
5y 11m
Area
1,976 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor restaurant and a self-contained flat at first floor.
- Total area size 184 sq m (1,976 sq ft)
- Includes rear yard/car parking
- Transferable premises license
- Central position close to public car parks, bus and rail stations
- Nearby occupiers include McDonalds, Thomas Cook and British Heart Foundation.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor restaurant and self-contained flat at first floor. The residential flat is separately accessed and provides 3 Rooms, Kitchen and Bathroom/WC. The property includes car parking at rear.
The property provides the following accommodation and dimensions:
Ground Floor: Restaurant 138 sq m (1,480 sq ft)
First Floor: Residential Flat 46 sq m (496 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: Restaurant 138 sq m (1,480 sq ft)
First Floor: Residential Flat 46 sq m (496 sq ft)
Tenancy Description
The property is at present let to Burgerz N Brewz Limited for a term of 20 years from 23rd November 2010 at a current rent of £21,000 per annum and the lease contains full repairing and insuring covenants. Rent review linked to RPI in November 2025. No break clause. Deposit held of £10,500.
Tenancies & Accommodation
Location Description
Havant is strategically located on the A27/M27/A3(M) and forms part of the extensive M27 / Solent corridor, providing easy access to Portsmouth, Southampton and London. Havant benefits from a mainline railway station with direct trains to London and the south coast. The property is situated in the centre of Havant, on the northern side of West Street. There is public car parking nearby and the railway station is located a short distance from the premises. Nearby occupiers include McDonalds, Thomas Cook and British Heart Foundation.
