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Just added
Auction
From
£140,000
Property for sale
Portsmouth PO2Local area information
Property location
Nearby amenities
- Northern Parade Infant School 0.2 miles
- Northern Parade Junior School 0.2 miles
- Hilsea 0.7 miles
- Portsmouth Continental Ferry Terminal 1.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- High Yielding Retail Investment
- Let to agni retails limited
- Lease Expires 24.10.2037
- 1,407sq ft (130.80 sq m)
- Investment Let at £17,500 p.a. (12.5% giy on Guide Price)
- Residential upper parts sold off long long leasehold
Strapline
Auction Sale - 02/09/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Freehold High Yielding double frontage Retail Investment let for a term 15 years from 24th October 2022, expiring October 2037. Comprises approximately 130.80 sq m (1,407sq ft).Investment let at £17,500 pa (12.5% on Guide Price).
Description
The property comprises a high yielding retail investment with the upper residential parts sold off on long leasehold located within an established residential area on a busy retail parade . Arranged as a ground floor double frontage retail unit totalling approx. 1,407sq ft (130.80 sq m) the property is let to Agni Retails Limited t/a Shop Local on a fifteen year lease expiring 24/10/2037 and paying £17,500 per annum.
Location
The property is prominently situated on London Road (A2047) in Hilsea, Portsmouth. London Road is one of the main arterial routes into Portsmouth.The surrounding area is a well-established mix of retail, office, and residential premises, with a variety of national and independent occupiers nearby.
Transport
Hilsea Railway Station - 0.9 Miles
The property also offers convenient access to the M27 and M275 motorways, linking Portsmouth to Southampton, Chichester, and the wider South Coast region.
Tenancy
Let to Agni Retails Limited t/a Shop Local on a 15 year lease from 24.10.2025, expiring 24.10.2032 at a current rent of £17,500 pa.
Auction Sale - 02/09/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Freehold High Yielding double frontage Retail Investment let for a term 15 years from 24th October 2022, expiring October 2037. Comprises approximately 130.80 sq m (1,407sq ft).Investment let at £17,500 pa (12.5% on Guide Price).
Description
The property comprises a high yielding retail investment with the upper residential parts sold off on long leasehold located within an established residential area on a busy retail parade . Arranged as a ground floor double frontage retail unit totalling approx. 1,407sq ft (130.80 sq m) the property is let to Agni Retails Limited t/a Shop Local on a fifteen year lease expiring 24/10/2037 and paying £17,500 per annum.
Location
The property is prominently situated on London Road (A2047) in Hilsea, Portsmouth. London Road is one of the main arterial routes into Portsmouth.The surrounding area is a well-established mix of retail, office, and residential premises, with a variety of national and independent occupiers nearby.
Transport
Hilsea Railway Station - 0.9 Miles
The property also offers convenient access to the M27 and M275 motorways, linking Portsmouth to Southampton, Chichester, and the wider South Coast region.
Tenancy
Let to Agni Retails Limited t/a Shop Local on a 15 year lease from 24.10.2025, expiring 24.10.2032 at a current rent of £17,500 pa.
More information
Listed by
Savills - National Auctions
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