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44A High St 1,339 sq ft 100% Let Retail Property Portsmouth PO6 3AG £215,000 (£160.57/sq ft) 8.14% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located in a busy position in Cosham High Street
- There is a public pay-and-display car park off Wootton Street to the rear
- Close to Ladbrokes, Specsavers, Wetherspoon & TG Jones
EXECUTIVE SUMMARY
Offers invited in the region of £215,000 which will show a purchaser a net initial yield of approximately 8.14% after deducting purchaser’s costs at 1.75% and SDLT.
The premises are let to Seyedeh Roya Ghafari with Saman Dinpajoh as Guarantor on a 15 year FRI lease from 24/10/2025 - 23/10/2040 subject to non-downward rent reviews on 24/10/2030 & 24/10/2025, at a current rent of £18,000 pax [VAT is not currently charged] and with a deposit of £4,500.
The premises are let to Seyedeh Roya Ghafari with Saman Dinpajoh as Guarantor on a 15 year FRI lease from 24/10/2025 - 23/10/2040 subject to non-downward rent reviews on 24/10/2030 & 24/10/2025, at a current rent of £18,000 pax [VAT is not currently charged] and with a deposit of £4,500.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,339 sq ft
Costar Property Class
B
Year Built
1960
Price
£215,000
Price per sq ft
£160.57
Yield
8.14%
NOI
£17,501
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Frontage
17 ft on High St
AMENITIES
- Bus Route
- Commuter Rail
- Signage
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NEARBY MAJOR RETAILERS
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44A High St
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