Project
Eddisons was appointed to sell a mixed use investment property at 147–149 White Hart Lane in Portchester, Fareham. The freehold property was occupided by a national veterinary practice across the ground and part of the first floor, with a separate residential flat on the remaining first floor, let under an Assured Shorthold Tenancy.
Positioned in a primarily residential area between Portsmouth and Southampton, the property offered both immediate income and long-term asset management potential. At the guide price of £550,000, the property offered a gross yield of 7.79% and produced a combined annual rental income of £42,860.
The sale was expected to qualify as a Transfer of a Going Concern (TOGC).
Approach
The property was brought to market in early 2024 with a guide price of £550,000.
Eddisons' Fareham team targeted both local investors and national buyers via a coordinated marketing strategy across digital channels, investor databases, and commercial property portals.
Results
The property was successfully sold in March 2024 for £527,500.
