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152-154 Eastney Rd, Southsea

Shop for sale

£480,000 1,496 sq ft

Primmer Olds UK Ltd
Property type

Shop for sale

Full address
152-154 Eastney Rd, Southsea PO4 8DY – PO4
Asking price
£480,000
Available space range
There is 1 space available. This measures 1,496 sq ft.
Features
Energy Performance Rating - B
Brochure
Download the brochure
Contacts

Tom George - Primmer Olds UK Ltd

Duane Walker - Primmer Olds UK Ltd

Sale details

Sale unit 3877814 Available

1,496 sq ft, £320.86 per sq ft

Unit Sale unit 3877814
Address 152-154 Eastney Rd, Southsea, Hampshire, PO4 8DY, GB
Size 1,496 sq ft
Price £480,000
Price per unit £320.86 per sq ft
  • The freehold interest is available subject to the existing leases at a guide of £480,000..
  • A purchase at this level reflects at gross yield of 7.6% and a net yield of 7.3% giving consideration to purchasers costs a 4.8% the ground floor is let in its entirety to a mr j p kadapuram trading as ‘best food & wine’ at a passing rent of £22,500 per annum for a term of 10 years commencing 6th december 2016..
  • The lease is subject to a break clause on the 5th anniversary in favour of the tenant, which realises a term certain of circa 2 years 10 months from the point of writing.
  • An upwards only rent review to open market rent is also permitted in line with the break.
  • The passing rent of £22,500 per annum devalues to £23.37 per square foot in terms of zone a (itza).
  • The residential upper parts are let on ast agreements and produce an income of £525 pcm, one bedroom, and £650 pcm, two bedroom.
  • The combined annual income of the uppers reflects £14,100.
Sale type Investment
Tenure Freehold
More building details Less building details

Property facts for 152-154 Eastney Rd, Southsea

The property comprises a mid-terraced building of brick/blockwork elevations under a pitched, slate-clad roof. The premises is configured to provide retail space at ground floor level with residential accommodation above.

The premises is located with frontage to Eastney Road, close to the junction with Kingsley Road, in the south east of Portsmouth on the outskirts of Southsea. It is one of the main thoroughfares leading to the seafront and Eastney Harbour.

Building subtype
Storefront retail residential
Number of storeys
2
Rentable building area
1,496 sq ft
Year built
1950

Attachments

PDF #1 Marketing brochure/flyer Download

This shop for sale is located in PO4.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Primmer Olds UK Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Primmer Olds UK Ltd for full details and further information.