The property comprises a detached two storey property with a former KFC restaurant on the ground floor and a first floor 2/3-bedroom flat. The property benefits from extensive single storey storage to the rear, including a standalone storage area accessed via Waltons Avenue. The extensive rear storage may be capable of subdivision and conversion, subject to all necessary consents.
In addition, a large parking area is provided to the rear of the property. In our view the rear parking area has development potential, subject to all necessary consents and approvals being obtained.
In our opinion the property has a combined estimated rental value ERV of £30,000 pax.
The property is located within Holbury, a village on the south coast forming part of the parish of Fawley. Holbury is principally residential in nature with a range of independent and national businesses situated along Long Lane. Holbury is accessed via the Hythe bypass which in turn leads to the A326 and onto junction 2 of the M27.
Holbury is situated approximately four miles directly south of Southampton and is positioned opposite Fawley Refinery.
The property occupies an established position along Long Lane, a principal thoroughfare through the village of Holbury which in turn links to Fawley Road and Hythe bypass.
For Sale (Vacant Possession)
Ground Floor Commercial and First Floor Flat
ERV £30,000 PAX (Including Flat)
Development Potential to Rear (STP)
( Agency Pilot Software ref: 3021822 )
