Clarendon Road, Southsea

Nestled in the vibrant heart of Southsea, this commercial investment property on Clarendon Road presents an exceptional opportunity for discerning investors. Spanning an impressive 921 square feet, the building is currently let to the esteemed Charters Estate Agents, a well-established name in the local market.

The property is secured by a 7-year lease that commences on 1st December 2023, ensuring a steady income stream of £20,000 per annum. This arrangement not only provides financial stability but also includes a one-third share of the freehold, granting investors an added layer of control and long-term security.

Clarendon Road is renowned for its bustling atmosphere, characterised by a diverse mix of independent shops and national retailers, which contributes to a strong footfall and excellent visibility for the property. This prime location enhances the appeal of the investment, making it a desirable asset in a thriving commercial area.

With a Net Initial Yield of 5.3%, this property stands out as an attractive option for those seeking a low-maintenance investment with a reliable tenant covenant. The combination of a solid income and a sought-after South Coast location makes this opportunity particularly compelling for investors looking to expand their portfolio. Do not miss the chance to secure this promising investment in Southsea's dynamic commercial landscape.