£250,000
(£147.06/sq. ft)
Retail premises for saleHigh Street, Portsmouth PO6
1,700 sq. ft
About this property
Investment Consideration:
Gross Initial Yield: 7.70%
Rental Income: £19,260 p.a.
VAT is applicable to this property
Comprises large ground floor retail premises t/a British Heart Foundation
Nearby occupiers include Tesco, Lloyds, Superdrug, Costa, Burger King, Greggs, Ladbrokes, Hays Travel and a number of public car parks.
Property Description:
Comprises large ground floor retail premises with benefit of rear access and loading bay, providing the following accommodation and dimensions:
Ground Floor: 158 sq m (1,700 sq ft)
Open plan retail, kitchen, office, storage, wc
Tenancy:
The property is at present let to British Heart Foundation for a term of 10 Years from 25th July 2018 at a current rent of £19,260 per annum and the lease contains full repairing and insuring covenants. No breaks.
Tenure:
Long Leasehold. Held on a 999 Year lease from April 2025 at a ground rent of peppercorn.
Location:
Cosham is a northern suburb of Portsmouth lying within the city boundary but off Portsea Island. The property is prominently situated on the west side of the High Street, close to its junction with Spur Road, with nearby occupiers including Tesco, Lloyds, Superdrug, Costa, Burger King, Greggs, Ladbrokes, Hays Travel and a number of public car parks.
Gross Initial Yield: 7.70%
Rental Income: £19,260 p.a.
VAT is applicable to this property
Comprises large ground floor retail premises t/a British Heart Foundation
Nearby occupiers include Tesco, Lloyds, Superdrug, Costa, Burger King, Greggs, Ladbrokes, Hays Travel and a number of public car parks.
Property Description:
Comprises large ground floor retail premises with benefit of rear access and loading bay, providing the following accommodation and dimensions:
Ground Floor: 158 sq m (1,700 sq ft)
Open plan retail, kitchen, office, storage, wc
Tenancy:
The property is at present let to British Heart Foundation for a term of 10 Years from 25th July 2018 at a current rent of £19,260 per annum and the lease contains full repairing and insuring covenants. No breaks.
Tenure:
Long Leasehold. Held on a 999 Year lease from April 2025 at a ground rent of peppercorn.
Location:
Cosham is a northern suburb of Portsmouth lying within the city boundary but off Portsea Island. The property is prominently situated on the west side of the High Street, close to its junction with Spur Road, with nearby occupiers including Tesco, Lloyds, Superdrug, Costa, Burger King, Greggs, Ladbrokes, Hays Travel and a number of public car parks.
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