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404 London Road, Portsmouth

Guide Price
£140,000

Business rates & charges may apply

Savills, City Offices
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SECTOR

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Key features

  • High Yielding Retail Investment
  • Let to AGNI RETAILS LIMITED
  • Lease Expires 24.10.2037
  • 1,407sq ft (130.80 sq m)
  • Investment Let at £17,500 p.a. (12.5% GIY on Guide Price)
  • Residential upper parts sold off on long leasehold

Description

The property comprises a high yielding retail investment with the upper residential parts sold off on long leasehold located within an established residential area on a busy retail parade . Arranged as a ground floor double frontage retail unit totalling approx. 1,407sq ft (130.80 sq m) the property is let to Agni Retails Limited t/a Shop Local on a fifteen year lease expiring 24/10/2037 and paying £17,500 per annum.



The property is prominently situated on London Road (A2047) in Hilsea, Portsmouth. London Road is one of the main arterial routes into Portsmouth.The surrounding area is a well-established mix of retail, office, and residential premises, with a variety of national and independent occupiers nearby.

Transport
Hilsea Railway Station - 0.9 Miles



The property also offers convenient access to the M27 and M275 motorways, linking Portsmouth to Southampton, Chichester, and the wider South Coast region.

404 London Road, Portsmouth

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hilsea Station0.7 miles
  • Cosham Station1.2 miles
  • Fratton Station2.0 miles

About Savills, City Offices

Finsbury Circus House, 15 Finsbury Circus, London, EC2M 7EB

Notes

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Disclaimer - Property reference FA8643C5-7EBF-43BA-85E6-F8173FF0003C. 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 Savills, City Offices. 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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