Retail premises for sale in 271, 273 Copnor Road, Portsmouth PO3

From £550,000 (£145.58/sq. ft)
Interested in this property? Call +44 23 9229 2052 * or Request Details

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Retail premises for sale 3,778 sq. ft*
Tenure: Freehold Council tax band: Not available

Property description

Key Points

  • Rare Freehold Investment Opportunity - Sale and Leaseback
  • Mixed Use Retail and Residential
  • Busy Roadside Frontage
  • Potential for Retail Space to be Split
  • Rear Vehicular Access/ Loading
  • Description

    The property comprises two retail units which are currently arranged to provide a single retail space with anciallary storage and offices to the rear. The retail accomodation could be split to provide two shops in the future subject to all necessary consents and approvals. The upper floors provide two, two bedroom flats accessed at street level from Copnor Road.

    The owner of 271-273 Copnor Road wishes to agree a sale and lease back of the commercial space (terms to be agreed) while the flats are currently rented out on Assured Shorthold Tenancies.

    The current rental income from the flats is as follows:

    Flat (271 a) £790 pcm (Rising to £895 from 1st July 2022)
    Flat (273 a) £750 pcm (Rising to £895 from 1st July 2022)

    Viewings

    Strictly by prior appointment with sole agents Holloway Iliffe and Mitchell .

    Location

    The property is located in Portsmouth a substantial commercial hub and port situated along the south coast forming part of the expanding south coast conurbation.

    The property is situated on Copnor Road a busy arterial road within Portsmouth leading from Hilsea and connecting with Copnor Bridge to the south and onto Eastney and Southsea. The premises are situated close to the junction with Burrfields Road on the western side of Copnor Road.

    Terms

    The property is availiable to purchase Freehold at a guide price of £550,000 exclusive of any 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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    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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