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Retail/Shop

Retail/Shop For Sale Portsmouth

PROPERTY ID: 130305

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

1,137 sq.ft

Key Features

Located in busy retail parade popular for hot food uses
Total income £18,250 per annum
Attractive Net Initial Yield 8.1%
Lease expiry 2033
Uppers sold off on a long leasehold
1 allocated parking space to the rear

Property Details

Total Ground Internal Area - 1,137 sq.ft (105.65 sq.m)

Portsmouth Is A Maritime City Situated On Portsea Island That Fronts Out Onto The Spithead. It Is Located Approximately 20 Miles East Of Southampton And 17 Miles West Of Chichester. Portsmouth Is The Most Densely Populated City In The Uk Outside London. The Subject Property Is Situated In An Area Known As North End And The Majority Of Retail Activity Is Centred On London Road. The Property Comprises A Ground Floor Retail Premises Trading As A Pizza Takeaway. The Property Also Consists Of Two Self-contained Residential Apartments On The Upper Parts, Both Sold Off On Long Leasehold For A Period Of 125 Years Dated June 2017. The Property Benefits From 1 Parking To The Rear Of The Property Including Rear Loading. Accommodation Total Ground Internal Area - 1,137 Sq.ft (105.65 Sq.m) Planning Under The New Planning Regulations, We Believe The Current Permitted Use To Be Use Class 'e' Which Includes Uses Such As Retail, Professional Services, Café, Health Clinics, Indoor Recreation/sport And Office. All Parties Are Advised To Make Their Own Enquiries Of The Local Authority For Confirmation. Epc Text Asset Rating Retail Unit - To Be Assessed Flat A - D (64) Flat B - D (66) Rating Rateable Value £11,750 Source Www.voa.org.uk The 2024/2025 Small Business Multiplier Is 0.499 (4.99p Payable Per £1). Terms Offers Invited In The Region Of £220,000 Subject To Contract For The Freehold Interest Subject To The Subsisting Tenancy. A Purchase At This Level Shows A Net Initial Yield Of 8.1% After Allowing Usual Buyers Costs.

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About the Agent

Primmer Olds B.A.S

See Agent's Other Properties

Retail Unit

£220,000 Freehold

64 64a & 64b London Road, Portsmouth, PO2 0LN
Retail/Shop - Available
1,137 sq ft
106 sqm
Show phone number

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