No longer on the market
This property is no longer on the market
MapIndustrial development
Under offer
Industrial development
572
Features and description
- Freehold Investment
- Tenanted Lease until 2027
- Rental income £14,237 per annum
- Onsite parking
- Central trading position
The property is a mid terrace single storey lock-up shop currently occupied by a hair salon trading as Redz. Internally the building is mostly open plan in the sales area and is fitted with kitchen and toilet facilities, with ancillary storage.
The subject building is situated on the eastern side of Fratton Road opposite The Bridge Centre, which comprises of Asda, Clintons, Iceland to name a few. Fratton Road is easily accessed from the M275 situated some half a mile to the north which links into the M27 motorway network.
The property is available to purchase the virtual freehold with the benefit of the current tenancy at a guide price of £150,000. The virtual freehold will be grated for a 999 year lease from completion.
The subject building is situated on the eastern side of Fratton Road opposite The Bridge Centre, which comprises of Asda, Clintons, Iceland to name a few. Fratton Road is easily accessed from the M275 situated some half a mile to the north which links into the M27 motorway network.
The property is available to purchase the virtual freehold with the benefit of the current tenancy at a guide price of £150,000. The virtual freehold will be grated for a 999 year lease from completion.
Property information from this agent
About this agent
Holloway Iliffe & Mitchell - Portsmouth
10, Acorn Business Park
Portsmouth, Hampshire
PO6 3TH
023 9211 0073Holloway Iliffe & Mitchell is an independent firm of chartered surveyors and commercial & industrial property consultants, having considerable market knowledge and awareness in all aspects of the commercial market along the south coast, particularly the M27 corridor and surrounding conurbations. The three directors each have specialised knowledge within the professional, agency and development sectors. This includes management, to incorporate industrial/warehousing, offices, retail, investments and development.