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

Key Points

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

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