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166 Haslemere Road, Southsea, PO4 9AS

£625,000

£42.28 per sq ft

Business rates & charges may apply

Vail Williams, Bournemouth
SIZE AVAILABLE

14,782 sq ft

1,373 sq m

SECTOR

Commercial property for sale

Key features

  • Mixed Use Investment
  • Freehold
  • Multi Let to 3 Tenants and 2 Telecoms Masts
  • Passing Rent of £64,200 per annum exclusive
  • Net Initial Yield of 9.77% after purchasers costs of 5.12%
  • No VAT

Description

Description
The property is constructed of rendered cavity brick elevations which has been cladded to the first floor. The front element of the property is beneath a flat roof and to the rear is double pitched roof which was replaced in 2005.

Location
The property is located on Haslemere Road, a residential street in the centre of Southsea, Portsmouth.

The property is located approximately one mile from Fratton Station which provides onward travel to stations across Hampshire and London Waterloo.

To the south of the property is Albert Road which comprises restaurants, bars and convenience stores occupied by a number of national operators such as Tesco and Sainsbury's.

Viewings
By appointment only via sole agents Vail Williams

Terms
£625,000 which reflects a NIY of 9.77% assuming purchasers costs of 5.12%, subject to contract.

AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser and any beneficial owner together with evidence/ proof identifying the source of funds being relied upon to complete the transaction.

Tenancies
Please refer to the tenancy schedule at the end of marketing brochure.

Total Income is £64,200 per annum

Legals Fees
Each party to be responsible for their own legal costs incurred in the transaction.

VAT
TOGC ?

Brochures

166 Haslemere Road, Southsea, PO4 9AS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Fratton Station0.6 miles
  • Portsmouth & Southsea Station1.2 miles
  • Portsmouth Harbour Station1.9 miles

About Vail Williams, Bournemouth

Everdene House Deansleigh Road Bournemouth BH7 7DU

Clients value the way we work.

Whilst our expertise lies in commercial property advice, we are extremely commercially-minded, always absorbing ourselves in your world and seeing the issues from the perspective of your business. We recognise that to you the commercial outcomes are paramount. We focus on this, actively looking for commercially advantageous opportunities to deliver the maximum value in our service.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 331389-1. 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 Vail Williams, Bournemouth. 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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