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17-19 Highland Rd 1,346 sq ft 100% Let Retail Property Southsea PO4 9DA £280,000 (£208.02/sq ft) 7% Net Initial Yield
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
Sale of the freehold, with a guide price of £280,000. A purchase at this level would reflect a NIY of 7% and a reversionary yield of 10% based on our ERV of £28,500 pax.
The property is arranged as two retail units and occupied as a café and bookshop. Passing rent £20,576 pax (ERV £28,500 pax).
The property is arranged as two retail units and occupied as a café and bookshop. Passing rent £20,576 pax (ERV £28,500 pax).
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,346 sq ft
Costar Property Class
C
Year Built
1950
Price
£280,000
Price per sq ft
£208.02
Yield
7%
NOI
£19,600
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.59
Total Plot Size
0.05 ac
Amenities
- Bus Route
- Security System
- EPC - B
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Nearby Major Retailers
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17-19 Highland Rd
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