No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Industrial development

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Industrial development
0 bed
0 bath
6,223 sq ft / 578 sq m

Property description & features

  • Tenure: Freehold
  • Rental income of £54,296 pax
  • Initial gross yield of 6.8%
  • Central Portsmouth location
  • Development Potential (STP)
  • Established Tenants
The units form a terrace with a shared concreted forecourt to the front, multiple pitched concrete tiled and corrugated roofs with central box guttering and constructed with brick elevations.

The city of Portsmouth is a major port and naval base in south Hampshire and is located approximately 65 miles south-west of London. There are good road and rail communications with the M275 city spur motorway linking directly with the M27 and A27 and A3 trunk roads. Southsea is a district within Portsmouth which is located due south from the M27 and is the most southerly point of the Portsea island.

The site is positioned directly off Milton Road set under Copnor Bridge Milton Road and adjacent to the main line railway with a single driveway serving all three units.

Freehold investment sale price £795,000 subject to the following tenancies;

Unit 1 - Let to NISTEC at a passing rent of £17,400 pax, lease expiry 31/07/25
Unit 2 - Let to Copnor Bridge MOT at a passing rent of £22,896 pax, lease expiry 31/07/25
Unit 3 - Let to Trophy Cars at a passing rent of £14,000 pax, lease expiry 31/07/25

Each lease is drawn on effective full repairing terms, without review, outside the Landlord and Tenant Axt 1954, and subject to an estate service charge.

The total in come amounts to £54,296 pax equating to an initial yield of 6.8% gross.

Each tenant will sign a longer term lease on similar terms if required.

Legal Costs - Each party to bear their own costs incurred in the transaction
Unless otherwise quoted all prices are exclusive of VAT

Property information from this agent

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    Holloway Iliffe & Mitchell is an independent firm of chartered surveyors and commercial & industrial property consultants, having considerable market knowledge and awareness in all aspects of the commercial market along the south coast, particularly the M27 corridor and surrounding conurbations. The three directors each have specialised knowledge within the professional, agency and development sectors. This includes management, to incorporate industrial/warehousing, offices, retail, investments and development.

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    Broadband availability and predicted speed

    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:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    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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    *Call rate information

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