151-153 Copnor Rd 1,702 sq ft 100% Let Retail Property Portsmouth PO3 5BS £550,000 (£323.15/sq ft) 8.80% Net Initial Yield

Rare freehold mixed-use investment opportunity comprising a ground floor retail premises with two self-contained residential flats above. The retail unit is offered with vacant possession, providing owner-occupier, letting or redevelopment potential, whilst the residential accommodation produces an existing income of £23,400 per annum from two Assured Shorthold Tenancies. The property offers asset management opportunities through letting of the retail unit and potential subdivision or redevelopment of the commercial accommodation, subject to planning consent. The vendor advises the estimated rental value for the whole property is £48,500 per annum, reflecting a gross yield of approximately 8.8% at the quoting price.