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207-211, Commercial Road

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PO1 4BJ Portsmouth
Ref: 10803

  • 34,442.00 ft² (3,199.77 m²)
  • 3,300,000
  • 6.97 Initial Yield

Description

Description

• Prime High Street Retail Investment

Investment Considerations

• Portsmouth is Hampshire’s second largest city and is a major commercial and retailing centre on the south coast
• Prominent trading position on Commercial Road
• Substantial well configured unit with dual frontage
• Let to Argos Limited (now owned by Sainsbury’s) with a long unexpired term of approximately 13.78 years to expiry and 11.78 years to break
• Low passing rent of £245,000 per annum, reflecting £7.11 per sq ft
• Newly agreed rebased rent
• Large car park / development site is situated directly behind the subject property
• Freehold

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Contact

Contact
Frankie Maddox
Neville Pritchard
Florence Clark

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

For properties in Scotland:

  1. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

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