Former Town Centre Public House
The property is a Grade II Listed building comprising a former Public House which is now vacant at ground floor level, with the long leasehold interest of the upper parts having been sold. The ground floor comprises a former bar area leading to an ancillary function room and stores. WC and Kitchenette are provided, with direct access for the former bar area. The ground floor premises currently have a D2 (Assembly & Leisure) use. There is the possibility the premises could be used for other purposes subject to planning. The long leasehold interest of the upper parts which have been sold with 125 year leases generating a ground rent income of £800 each per annum, providing a total income of £4,000 per annum. The property is available to let or sale. If the freehold is sold it would be with the benefit of the roadside frontage and rear access through an enclosed outdoor patio area.
East Street is located in the heart of Havant Town Centre, with the subject unit situated in a prominent corner position on the junction with North Street, West Street and South Street. The property is within close proximity to The Meridian Shopping Centre, Waitrose Supermarket and Havant Railway Station. North Street leads southwards towards the A27 which leads eastwards towards Chichester and westwards towards the M27 and the motorway network towards Southampton, Portsmouth and London.
Leasehold - Available on a new full repairing and insuring lease of the ground floor premises for a term to be agreed. Guide rent - £20,000 Freehold - guide price £250,000 for the ground floor premises, with the benefit of the ground rent income of the upper parts.
Rateable value: £16,500. Source: voa.gov.uk You are advised to confirm the rates payable with the local Council.
Each party to be responsible for their own legal costs incurred in the transaction. Unless stated, all prices and rents are quoted exclusive of VAT
Havant (0.2 miles)
Warblington (0.6 miles)
Bedhampton (0.7 miles)