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102 Albert Rd 815 sq ft Retail Property Southsea PO5 2SN £185,000 (£226.99/sq ft) 7.29% Net Initial Yield
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
Sale of the freehold for £185,000. A purchase at this level would reflect a NIY of 7.29%.
A large ground floor retail unit, fully let on a 10 year lease, with a passing rent of £14,000 pax.
A large ground floor retail unit, fully let on a 10 year lease, with a passing rent of £14,000 pax.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
815 sq ft
Costar Property Class
C
Year Built
1950
Price
£185,000
Price per sq ft
£226.99
Yield
7.29%
NOI
£13,487
Tenancy
Single
Number of Floors
1
Plot ratio
0.47
Total Plot Size
0.04 ac
Amenities
- Bus Route
- Security System
- EPC - E
1 1
Nearby Major Retailers
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102 Albert Rd
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