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Unit 11 Port Royal St 6,193 sq ft Industrial Property Southsea PO5 4NP £650,000 (£104.96/sq ft) 8.92% Net Initial Yield
Investment Highlights
- Let to University of Portsmouth Higher Education Corporation
- Close to Portsmouth & Southsea Station
- Secure yard with palisade fencing
Executive Summary
Detached industrial investment producing £58,000 per annum from a lease to University of Portsmouth Higher Education Corporation. The property is held on a 4-year FRI lease commencing 24 April 2025 and expiring 23 April 2029, with a tenant-only break option on 23 April 2027 subject to three months' notice. At the quoting price of £650,000 the investment reflects a gross yield of 8.92%. The property benefits from a secure yard, substantial parking provision, warehouse accommodation and a highly accessible city location.
Property Facts
| Price | £650,000 | Total Plot Size | 0.34 ac |
| Price per sq ft | £104.96 | Net Internal Area (NIA) | 6,193 sq ft |
| Sale Type | Investment | No. Floors | 1 |
| Yield | 8.92% | Year Built | 1970 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Allocation | 1.94/1,000 sq ft |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Costar Property Class | C |
| Price | £650,000 |
| Price per sq ft | £104.96 |
| Sale Type | Investment |
| Yield | 8.92% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | C |
| Total Plot Size | 0.34 ac |
| Net Internal Area (NIA) | 6,193 sq ft |
| No. Floors | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Allocation | 1.94/1,000 sq ft |
| No. Drive In / Grade-Level Doors | 3 |
Amenities
- Bus Route
- Fenced Lot
- Security System
- Yard
- Roller Shutters
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Unit 11 | Port Royal St
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