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High Street Retail Investment Opportunity, 181 Commercial Road, Portsmouth, PO1 1EA
5,634 Sq Ft / Retail / General Retail
Withdrawn - Last updated: 19 April 2021
Securely let high street retail investment on Portsmouth's prime pitch.
- Portsmouth, Hampshire’s second largest city, is a major commercial and retail hub on the south coast
- The property occupies a prominent position on the pedestrianised prime pitch
- Well configured unit totalling 523 sq m (5,634 sq ft)
- Let to the excellent retail covenant of Ann Summers Limited with 3.75 years unexpired
- Re-based rent of £125,000 pa
- Freehold
- Offers sought in excess of £1,350,000 (One Million, Three Hundred and Fifty Thousand Pounds) for the Freehold interest in the property subject to contract and exclusive of VAT. A purchase at this level will reflect a Net Initial Yield of 8.73%, after purchaser’s costs of 6.02%.
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