64 64a & 64b London Road
Ref 10267
Address 64, 64a & 64b London Road, Portsmouth, Hampshire, PO2 0LN
Property type E - Retail
Size 1,137 Sq Ft
Freehold £220,000
Portsmouth is a maritime city situated on Portsea Island that fronts out onto the Spithead. It is located approximately 20 miles east of Southampton and 17 miles west of Chichester. Portsmouth is the most densely populated city in the UK outside London. The subject property is situated in an area known as North End and the majority of retail activity is centred on London Road. The property comprises a ground floor retail premises trading as a pizza takeaway. The property also consists of two self-contained residential apartments on the upper parts, both sold off on long leasehold for a period of 125 years dated June 2017. The property benefits from 1 parking to the rear of the property including rear loading.
- Located in busy retail parade popular for hot food uses
- Total income £18,250 per annum
- Attractive Net Initial Yield 8.1%
- Lease expiry 2033
- Uppers sold off on a long leasehold
- 1 allocated parking space to the rear
- Guide price £220,000