Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- Modern Premises
- Prominent Position
- Kitchen and Toilet Facilities
- Close to Southsea Town Centre
- ERV of £15,000 pax
The property occupies an established position along Elm Grove a short distance from the centre of Southsea. Nearby occupiers include; The CoOp, Mr Tee Removals, Scoops Gelato and Huis bar together with a range of other independent shops, restaurants and takeaways.
The long leasehold (999 years from 27th July 2006) interest is available to purchase with the benefit of an occupational lease. We are advised by the current owner that the property is let to Alison Gardiner Designs Ltd on a 5 year lease at a passing rent of £12,000 pax, commencing on the 1st January 2023. The Lease is available on request.
The property is considered to have an Estimated Rental Value (ERV) of £15,000 pax.
The property is available to purchase at a guide price of £165,000.
Unless stated otherwise all prices are exclusive of VAT.
Energy Performance Rating C 52
Each party to be responsible for their own legal costs incurred in the transaction.
Unless otherwise stated all costs are exclusive of VAT
Property information from this agent
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Broadband availability and predicted speed: obtained from Ofcom on February 4, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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