Investment.

Portsmouth.

197-199 Commercial Road, PO1 1EA

Map View

Status.

Sold on 01/01/2017

Price.

£1,100,000

Location.

Portsmouth is Hampshire’s second largest city and is a major commercial and retailing centre situated on the south coast. The city has been home to the Royal Navy for over 500 years and also acts as one of the UK’s main commercial ports. The city islocated 19 miles (30 km) east of Southampton, 20 miles (32 km)west of Chichester, 29 miles (46 km) south west of Winchester and 70 miles (112 km) south west of London.

Description.

The property comprises two retail units located on the pedestrianised Commercial Road which acts as Portsmouth’s prime retailing pitch. The retail units are arranged over ground and first floor,while the property also benefits from two flats (vacant and in need of refurbishment) on the second floor. We understand the flats comprise one two bedroom and one three bedroom property.

Rent.

£95,000.00 per annum exclusive

Tenant(s).

Cancer Research & Phone Shop

Tenure.

Freehold

Yield.

8% NIY

Share.

All viewings are strictly by prior appointment.

Ed Smith.

Partner | Investment

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

abrdn

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G Real Estate

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson