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100 Fratton Road

For sale: £105,000.00|449 Sq Ft|Other, General Retail, Other Property Types & Opportunities, Retail

PROPERTY DETAILS

FOR SALE£105,000.00
SIZE449 Sq Ft
ADDRESS100 Fratton Road, Portsmouth, PO1 5BZ
TYPEOther, General Retail, Other Property Types & Opportunities, Retail
TENUREFor Sale Freehold
POSTED ON16th June 2020

DESCRIPTION

Key Points

  • Central trading position
  • On street parking
  • Freehold investment
  • Rental income £8,400 per annum
  • Summary

    Freehold Retail Investment

    Description

    The property is a mid terrace single storey lock up shop with sales area, rear storage areas, kitchen and WC. Internally the building is mostly open plan in the sales area and is fitted with suspended ceiling and fluorescent strip lighting. Towards the rear there is a WC with wash hand basin and a Kitchen. The property is currently let on a 5 year lease from October 2019, at a rent of £8,400 per annum.

    Viewings

    Strictly by appointment with the sole agents.

    Location

    The subject building is situated on the eastern side of Fratton Road opposite The Bridge Centre. Fratton Road is easily accessed from the M275 situated some half a mile to the north which links into the M27 motorway network.

    Terms

    £105,000 for the freehold interest.

    Business Rates

    Rateable value: £3,650 You are advised to confirm the rates payable with the local council before making a commitment.

    Other Costs

    Each party to bear their own legal costs incurred in this transaction.

    LOCATION

    Location: 100 Fratton Road, Portsmouth, PO1 5BZ

    Fratton (0.2 miles)

    Portsmouth & Southsea (0.6 miles)

    Portsmouth Harbour (1.3 miles)

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