This property is no longer on the market
Retail property (high street)
Property description & features
- Tenure: Freehold
- Multi-let retail freehold investment
- Total income £99,000 pa
- 4 x FRI leases
- WAULT – 5.95 years
- Good tenant mix
- Highly visible location
- High footfall
- 1,675 student beds within 100m of property
• Located in a waterfront city of Portsmouth with a population of approximately 240,000
• Portsmouth is home to world class attractions making it popular for visitors, including - Portsmouth Historic Dockyard, Spinnaker Tower, Gunwharf Quays, D-Day Museum, Southsea Castle.
• With the inclusion of the Cascades Shopping Centre, Commercial Road and adjoining roads delivers over 125 mainly national retail occupiers making it one of the most established retail locations in the city.
• Freehold of former Tricon site near Commercial Road (City Centre North) recently purchased by Portsmouth City Council for regeneration to create large public park and 2,000 new homes.
• Nearby occupiers include, Greggs, Barclays, NatWest, Sainsbury’s Local, Iceland, Coral, HSBC, Primark, H&M, CEX, Waterstone’s, Lloyds Bank, River Island, Burger King, Three, JD, O2, Tesco, EE.
• Within 100m of the property:
• Commercial Road/Edinburgh Road bus stops
• Portsmouth & Southsea Train Station
• Crown Place Student Accommodation – 576 bedrooms
• Catherine House Student Accommodation – 1,000 bedrooms
• Travelodge - 152 bed hotel
• 7 minute walk from main University of Portsmouth campus
• 4 leases
• Total Income - £99,000 per annum exclusive
• WAULT – 5.95 years
• Scope for development (subject to planning)
Location
Portsmouth is located approximately 19 miles south east of Southampton and 70 miles south west of London. The city benefits from excellent road communications being situated at the M27/A27 junction, which links to M3 and A3(M) and provides access to London and the wider national motorway network.
The property is situated on the western side of Commercial Road, which is one of the main shopping areas within the city.
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