Coop Convenience Store, Lonsdale Avenue, Cosham, Portsmouth, Hampshire, PO6
£195.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
5,000-5,500 sq ft
465-511 sq m
- SECTOR
High street retail property for sale
Key features
- FOR SALE BY AUCTION 15TH MAY 2025
- Let to Co-Operative Group Food Limited until 2030
- Tenant Option to Renew the Lease until 2045
- Nov 2025 Rent Review, linked to RPI, subject to a minimum of 1% and a maximum of 4% per annum Compounded
- Approximate Site Area of 0.32 Acres (013 Ha)
- Medium Term Residential Redevelopment Potential, Subject to Consents
- Prominently Situated in Busy Neighbourhood Location.
- Rental income £83,000 per Annum Exclusive Rising to a Minimum of £87,233 pax or a Maximum of £105,931 pax in November 2025 (2)
Description
The property is situated in a very prominent position within a busy neighbourhood at he junction of Lonsdale Avenue, Knowsley Road and Salisbury Road, approximately 0.5 miles to the east of the town centre which features a JD Weatherspoon, NatWest, Boots, Costa, Knowsley Road Park and a range of local retail businesses.
Tenure
Freehold.
Description
The property is a former Public House, the ground floor of which has been converted and is operating as a Convenience store. The first floor comprises two self contained, two bedroom flats.
The property benefits from an approximate Site Area of 0.32 Acres (0.13 Ha) upon which is a car park, accommodating approximately 18 spaces. The property may be suitable for residential redevelopment in the medium term, subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
EPC
Retail - Band C. Flat 1 - Band E, Flat 2- Band D
For further information, to register your interest in this property and download the legal pack, please visit the Acuitus website.
Brochures
Coop Convenience Store, Lonsdale Avenue, Cosham, Portsmouth, Hampshire, PO6
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cosham Station0.4 miles
- Hilsea Station1.0 miles
- Bedhampton Station2.8 miles
Notes
Disclaimer - Property reference A12694Cosham. 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 Acuitus Limited, Acuitus. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Acuitus Limited, Acuitus on 020 7870 2773.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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