Portsmouth, 113-115 Commercial Road_Property for Sale
Portsmouth, 113-115 Commercial Road_Property for Sale
113/115 Commercial Road Lloyds Bank Plc, Portsmouth, Hampshire, PO1 1BY, UK

Portsmouth, 113-115 Commercial Road

Asset Description

The Property comprises a building of masonry construction providing accommodation over

5 floors. The building provided ground floor retail space with a basement, first floor ancillary

space and 2/3rd floor of disused office space. The retail space is split into 2 units occupied by

Waterstones and Lloyds, both spaces have been fitted out to tenant specification.

...

Attributes

Asking Price
HK$23,396,000
Building area Net
26,895 sf
Year built
2000
Property Reference Number
1775016141

Media

Investment Highlights

Portsmouth is Hampshire’s second largest city

and is a major commercial and retailing centre on the south coast

• 100% prime location on the pedestrianised

Commercial Road

• Situated adjacent to an entrance to the Cascades

Shopping Centre

• Fully let to the strong covenants of Lloyds Bank Plc and Waterstones Booksellers Ltd

• Waterstones rent has been rebased following lease renewal in June 2022

• Second and third floors are currently underutilised and provide opportunity for redevelopment to residential, office or student accommodation, subject to planning and vacant possession

• Freehold

• Offers invited in excess of £2,450,000 (Two Million, Four Hundred and Fifty Thousand Pounds) which reflects a Net Initial Yield of 10.94%

Portsmouth, 113-115 Commercial Road 4_Property for Sale

Contact brokers

Portsmouth, 113-115 Commercial Road (0 Properties)

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Last updated
6 Sep 2023