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- LoopNet Team
32-54 Arundel St
Portsmouth PO1 1NL
Retail Property For Sale
Executive Summary
• Attractive City Centre Retail Investment • Prominent location on pedestrianised street • Lock up retail unit of 992 sq ft (92.2 sq m) • Let to Games Workshop Limited (100/100 Experian rating) • £20,000 pa rent, which equates to a low ZA rate of c.£30 psf • Unexpired term of approximately 4.5 years • Potential for future rental growth • No VAT payable • 999 year leasehold at peppercorn • Offers sought in excess of £259,000 (Two hundred and fifty nine thousand Pounds) subject to contract. • This equates to a Net Initial Yield of 7.5% when allowing for purchaser’s costs of 2.96%
Property Facts
Amenities
- Security System
- EPC - D
