Units 1-8 Walberant Buildings, Copnor Road, Portsmouth
Guide Price
£250,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Prominent Parade of Eight Retail Units
- Seven Units Let to Four Separate Tenants
- One Unit Vacant - Asset Management Potential Via Letting
- Units 4&5 Holding Over for 5+ Years - Asset Management Potential Via Renewal
- ERV Approx £41,500 per annum
- Prominent Roadside Pitch
- Investment Let at £35,400 p.a. (14.16% GIY on Guide Price) - Plus Vacant Unit
- ERV Reflects 16.6% on Guide Price
Description
The property comprises a high yielding retail investment forming a popular roadside parade.
Arranged across ground floor only, the property comprises eight retail units and is multi-let to four tenants, with some tenants occupying double units.
Unit 6 is currently vacant, offering immediate asset management potential via letting, furthermore the tenant of Units 4 & 5 has been holding over since 2020 and therefore the unit may offer asset management potential via renewal of the lease and improvement of rents.
The parade benefits from a prominent pitch fronting Copnor Road, an arterial route in the popular suburb of Hilsea. The property benefits from ample parking to the front, providing good levels of footfall from passing traffic.
Arranged across ground floor only, the property comprises eight retail units and is multi-let to four tenants, with some tenants occupying double units.
Unit 6 is currently vacant, offering immediate asset management potential via letting, furthermore the tenant of Units 4 & 5 has been holding over since 2020 and therefore the unit may offer asset management potential via renewal of the lease and improvement of rents.
The parade benefits from a prominent pitch fronting Copnor Road, an arterial route in the popular suburb of Hilsea. The property benefits from ample parking to the front, providing good levels of footfall from passing traffic.
Units 1-8 Walberant Buildings, Copnor Road, Portsmouth
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hilsea Station0.5 miles
- Cosham Station0.7 miles
- Fratton Station2.4 miles
Notes
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Disclaimer - Property reference B08332DD-BEA8-486B-BD99-8323652C49DF. 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, Savills Auctions- Commercial. 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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