Land For Sale £920,000
Summary
investment opportunity of four almost completed apartments with commercial unit with shop front on london road.
Description
The sites consists of 4 flats over a commercial unit. The commercial unit is currently rented to Barbados and we are told by the vendor that they are keen to renew the tenancy.
The planning consent for the apartments (app/20/00084) was granted on the 5th June 2020. The Apartments are almost complete and the current owner is hoping to have them completed at the end of the year.
The rent on the retail unit is £17,500 per annum. The vendor has had this valued by a commercial agent for £220,000 - 230,000.
The gdv on the 4 flats over is £685,000, and the rental income on those will be £42,600 per annum.
All cil, Nitrates etc. Have been paid, so we understand that there is nothing left to pay to the council.
The site is situated in the centre of Waterlooville, conveniently located only 1 miles drive from junction 3 of the A3M.
London Road is the main shopping street of Waterlooville and is also easy walking distance from Wellington Retail Park, which includes Sainsbury's, tk Max, M&S simply food, Halfords etc. It is also very close to an asda superstore.
The following information is available on request
" Decision notice
" Approved plans
" Pricing for the completed units
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
investment opportunity of four almost completed apartments with commercial unit with shop front on london road.
Description
The sites consists of 4 flats over a commercial unit. The commercial unit is currently rented to Barbados and we are told by the vendor that they are keen to renew the tenancy.
The planning consent for the apartments (app/20/00084) was granted on the 5th June 2020. The Apartments are almost complete and the current owner is hoping to have them completed at the end of the year.
The rent on the retail unit is £17,500 per annum. The vendor has had this valued by a commercial agent for £220,000 - 230,000.
The gdv on the 4 flats over is £685,000, and the rental income on those will be £42,600 per annum.
All cil, Nitrates etc. Have been paid, so we understand that there is nothing left to pay to the council.
The site is situated in the centre of Waterlooville, conveniently located only 1 miles drive from junction 3 of the A3M.
London Road is the main shopping street of Waterlooville and is also easy walking distance from Wellington Retail Park, which includes Sainsbury's, tk Max, M&S simply food, Halfords etc. It is also very close to an asda superstore.
The following information is available on request
" Decision notice
" Approved plans
" Pricing for the completed units
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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