No longer on the market
This property is no longer on the market
MapRetail property (high street)
Under offer
Retail property (high street)
609
Features and description
- For Sale
- Freehold
- Prominent Position
- Passing Rent £7,300 pax
- ERV £9,500 pax
- Lease Expires Dec 2036
The property is a mid terrace two storey lock-up shop currently occupied by a off licence trading as Krishna Food & Wine. Internally the property is principally open plan with a main sales and ancillary storage to the rear. The premises benefits from toilet facilities.
Strictly by prior appointment with joint agents Holloway Iliffe and Mitchell[use Contact Agent Button] and Bury & Thorley -[use Contact Agent Button].
The subject property is situated on the southern side of Tangier Road a busy arterial road home to a number of independent businesses including; Bobat Pharmacy, Harpers Sandwich Bar and Beeny's Coffee.
The property is located in Portsmouth a densley populated city and port forming part of the ever expanding south coast conurbation between Chichester in the east and Southampton to the West.
The property is available to purchase freehold and subject to an occupation lease dated 18th Dec 2021 which expires 17th December 2036. The tenant is currently paying a rent of £7,300 pax on an FRI lease. There is a rent review on the 18th Dec 2024. The first floor is sold off on a long lease and pays a peppercorn rent.
We are of the view that the premises is currently under rented. Our estimated rental value (ERV) is £9,500 pax. Lease available on request.
Strictly by prior appointment with joint agents Holloway Iliffe and Mitchell[use Contact Agent Button] and Bury & Thorley -[use Contact Agent Button].
The subject property is situated on the southern side of Tangier Road a busy arterial road home to a number of independent businesses including; Bobat Pharmacy, Harpers Sandwich Bar and Beeny's Coffee.
The property is located in Portsmouth a densley populated city and port forming part of the ever expanding south coast conurbation between Chichester in the east and Southampton to the West.
The property is available to purchase freehold and subject to an occupation lease dated 18th Dec 2021 which expires 17th December 2036. The tenant is currently paying a rent of £7,300 pax on an FRI lease. There is a rent review on the 18th Dec 2024. The first floor is sold off on a long lease and pays a peppercorn rent.
We are of the view that the premises is currently under rented. Our estimated rental value (ERV) is £9,500 pax. Lease available on request.
Property information from this agent
About this agent
Holloway Iliffe & Mitchell - Portsmouth
10, Acorn Business Park
Portsmouth, Hampshire
PO6 3TH
023 9211 0073Holloway 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.