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London Rd - Southdown View
3,154 SF Office Unit Offered at £500,000 in Portsmouth PO2 9RP
Investment Highlights
- The property is situated in a mixed use area
- Hilsea Rail Station is 0.75 miles south east of the property and provides regular rail services to Portsmouth Harbour, London Waterloo and Southampton
- Occupiers close by include a Shell Petrol Filling Station (opposite)
Executive Summary
The property is situated in a mixed use area on the north side of Military Road, at its junction with London Road (A3). Occupiers close by include a Shell Petrol Filling Station (opposite). Hilsea is a district of Portsmouth, a major south coast naval base, ferry port and university city, and an important retail and commercial centre, located between Chichester and Southampton. Portsmouth benefits from excellent road communications being at the foot of the M275 which connects with the M27, and in turn the A3 (M) and the A27 dual carriageway. Hilsea Rail Station is 0.75 miles south east of the property and provides regular rail services to Portsmouth Harbour, London Waterloo and Southampton Central.
Property Facts
| Price | £500,000 | Number of Floors | 2 |
| Unit Size | 3,154 SF | Typical Floor Size | 11,570 SF |
| No. Units | 1 | Year Built | 2016 |
| Total Building Size | 23,353 SF | Lot Size | 1.70 AC |
| Property Type | Office (Unit) | Parking Ratio | 5.53/1,000 SF |
| Sale Type | Investment | Sale Conditions | Auction Sale |
| Building Class | B |
| Price | £500,000 |
| Unit Size | 3,154 SF |
| No. Units | 1 |
| Total Building Size | 23,353 SF |
| Property Type | Office (Unit) |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 2 |
| Typical Floor Size | 11,570 SF |
| Year Built | 2016 |
| Lot Size | 1.70 AC |
| Parking Ratio | 5.53/1,000 SF |
| Sale Conditions | Auction Sale |
1 Unit Available
Unit 1
| Unit Size | 3,154 SF | Sale Type | Investment |
| Price | £500,000 | Tenure | Long Leasehold |
| Price Per SF | £158.53 | Sale Conditions | Auction Sale |
| Unit Use | Office |
| Unit Size | 3,154 SF |
| Price | £500,000 |
| Price Per SF | £158.53 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Sale Conditions | Auction Sale |
Description
Total accommodation of approx. 293 sq m (3,154 sq ft)
Sale Notes
Lot 32 is available for sale at an Allsop online auction to be held on Thursday 21st March 2024.
The property comprises a long leasehold investment opportunity for sale.
The asking price is £500,000, representing a gross initial yield of 8.8%.
Amenities
- 24 Hour Access
- Security System
- Storage Space
- Air Conditioning
Presented by
London Rd - Southdown View
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