6, Highland Road, Southsea, Hampshire, PO4 9AH

Description

The property comprises a two-storey mid-terrace building of traditional construction beneath a pitched roof covering. The main elevations are brick and painted.

The two residential flats above have been sold off on long leasehold interests.

Location

Southsea is a vibrant and well-established coastal district situated within the city of Portsmouth, Hampshire. Renowned for its strong mix of independent retailers, restaurants, cafés, and leisure facilities, Southsea benefits from a substantial residential catchment and a thriving visitor economy, particularly during the summer months.

Albert Road and Highland Road serves as one of Southsea's principal thoroughfares and is a key commercial artery, linking the seafront with the wider Portsmouth area. The road is characterised by a diverse range of occupiers including national operators, independent traders, and a lively evening and night-time economy, underpinned by several public houses, bars, and entertainment venues, including the well-known Kings Theatre.

Planning

Interested parties should make their own planning enquiries and satisfy themselves in this regard.

Tenancy Information

We understand the ground floor retail premises are occupied by a private tenant on a 5-year lease contracted outside of the Landlord and Tenant Act 1954, commencing in July 2024 and expiring in July 2029, at a passing rent of £14,400.

The two long leasehold flats each pay a ground rent of £200 per annum, collected in equal half-yearly instalments.

Total income £14,800 per annum.

VAT

We understand that the property is not elected for VAT.

Accommodation

The accommodation has the following approximate Net Internal Area (NIA):

Business Rates / Council Tax Band

Rateable Value (2026): £5,400

Occupiers will pay approximately 38% of this per annum.

EPC

To be re-assessed.

Legal Fees

Each party to bear their own legal costs incurred.

AML

In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.

This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.