Office for sale in Clarendon Mews, Clarendon Road, Southsea PO5

From £315,000 (£271.22/sq. ft)
Office for sale 108 sq. m*
Interested in this property? Call +44 23 9229 2052 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Key Points

  • Freehold investment
  • Popular location
  • Lease expires 2026 (potential to extend the lease STC)
  • Central Southsea
  • Occupying Business Unaffected
  • Description

    This freehold investment property comprises a mid terrace building in the heart of Southsea. The ground floor and basement are currently let and configured as a beautician to provide a reception area, treatment rooms, kitchen, WC, rear store, and a basement.

    Ground floor and basement - Lease for a term of 10 years beginning on 8th July 2016 and ending on and including 7th July 2026 at a rent of £22,000 per annum exclusive.

    Upper parts - long leasehold interests of the upper parts has been sold at a ground rent of £1,000 per annum.

    Viewings

    Strictly by appointment with agent

    Location

    The property is located on the south side of Clarendon Road in close proximity to the main pedestrianized shopping area in Palmerston Road. Clarendon Road is a recognized secondary trading location, nearby occupiers include estate agents along with several independent restaurant’s, cafes, and retailers.

    Terms

    Freehold for sale - guide price £315,000

    Ground floor - Leased for a term of 10 years beginning on 8th July 2016 and ending on and including 7th July 2026, at a passing rent of £20,000 per annum

    Specifications

    Refurbished to a high spec
    New electrics when refurbished, Alarm

    CCTV


    Underfloor heating
    Amtico flooring throughout

    Other Costs

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

    Unless stated, all prices and rents are quoted exclusive of VAT

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    Holloway Iliffe and Mitchell, PO6 on +44 23 9229 2052 * (local rate)

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Holloway Iliffe and Mitchell, and do not constitute property particulars. Please contact Holloway Iliffe and Mitchell for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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