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48 London Rd 2,491 sq ft Retail Property Portsmouth PO2 0LN £279,000 (£112.00/sq ft) 8.24% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Portsmouth is a major south coast city
- Well-established retail destination within a densely populated suburban district
- Substantial property with future development potential
EXECUTIVE SUMMARY
We have been instructed to market the freehold interest, subject to the existing tenancy and contract, at a guide price of £290,000.
Currently let to Exciting Escapes Limited until June 2028 at £23,000 pax
Currently let to Exciting Escapes Limited until June 2028 at £23,000 pax
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Property Size
2,491 sq ft
Costar Property Class
B
Year Built
1909
Price
£279,000
Price per sq ft
£112.00
Yield
8.24%
NOI
£23,000
Tenancy
Single
Number of Floors
2
Parking
2 Spaces (0.8 Spaces per 1,000 sq ft Leased)
Frontage
20 ft on London Road
AMENITIES
- Security System
- EPC - E
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
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48 London Rd
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