Lot 151: FREEHOLD SHOP AND TWO FLATS FOR INVESTMENT

Sold £142,000

Occupying a prominent position on London Road, the main shopping street through the North End district of Portsmouth, this freehold property comprises a ground floor retail unit and two flats on the upper floors, both sold on long leases.

The commercial unit benefits from pedestrian access to the rear. It is currently vacant but has been previously let at £13,000 per annum.

Ground Floor

Main retail area, rear store rooms, cloakroom with W.C.

First/Second Floors

109A London Road

Tenure

Sold on a 125 year lease, from 25th March 1998, at an initial ground rental of £21 per annum, rising to £126 per annum, over the course of the term.

109B London Road

Tenure

Sold on a 125 year lease, from 25th March 1999, at an initial ground rental of £9 per annum, rising to £54 per annum over the course of the term.

Freehold with Part Vacant Possession

Commercial EPC: C