Commercial Property for sale

Beacon House, Cumberland Business Centre, Northumberland Road, Southsea, Hampshire, PO5

Under Offer POA
4,776 sq. ft.

Property Description

Commercial information

  • 4,776 sq ft (443 sq m)

Key features

  • Well located within Southsea, Portsmouth and close to amenities
  • The property forms part of a busy business centre
  • Nine interlinked suites totalling NIA 4,776 sq ft
  • Capable of being occupied together or separately
  • 24 designated car parking spaces (1:199 sq ft)
  • Rent 49,464 pax (with a year's rent guarantee for the vacant parts)
  • ERV 52,534 pax (11.00 psf)
  • Offers in the region of 550,000, subject to the tenancies and contract
  • A purchase at this level would reflect a NIY of 8.4% assuming purchaser's costs of 6.8% and reversionary yield of 8.9% (based on ERV)

Full description

Description

Long Leasehold Investment For Sale
Size 443.69 sq m (4,776 sq ft)

Planning

We understand that the premises benefit from Class A1/ A2/ A3/ A4/ A5 / B1(a) Office / B1(c) Light Industrial / B8 Storage and Distribution use within the Use Classes Order 1987 (as amended).


VAT

Rents and prices are quoted exclusive of, but may be subject to VAT.

Business Rates / Council Tax Band

Rateable Value (2017): £10,000.

As the RV is below £12,000 we believe 100% small business rate relief is possible.

EPC

We understand the property has an EPC rating of C.

Legal Fees

Each party to bear their own legal costs incurred.


More information from this agent

Nearest stations

  • Fratton (0.2 mi)
  • Portsmouth & Southsea (0.5 mi)
  • Portsmouth Harbour (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Flude Commercial , Portsmouth

114 Kingston Crescent, Portsmouth, PO2 8AL

02382 200142 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Fratton (0.2 mi)
  • Portsmouth & Southsea (0.5 mi)
  • Portsmouth Harbour (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Flude Commercial , Portsmouth

114 Kingston Crescent, Portsmouth, PO2 8AL

02382 200142 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2932. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Flude Commercial , Portsmouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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