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The property comprises a high yielding, fully let, mixed use investment situated on a popular high footfall street.
Arranged across ground, first and second floors, the property comprises a retail unit to the ground floor which is let on a recently renewed lease expiring 03/10/2027 and producing £8,400 per annum.
To the rear, there is a residential unit with three ensuite letting rooms. These rooms are let individually to separate tenants with a shared kitchen.
The upper parts comprise an HMO with a further six units which are all individually let. Each unit benefits from an ensuite and kitchenette and there are a further two shared kitchens.
The total aggregate rent is therefore £110,071 per annum. The majority of the residential units have recently seen rental increases to £950 PCM however several units still offer asset management potential.
Portland Road is a busy arterial route benefitting from high footfall. The area is characterised by both commercial and residential uses with a mix of local and national retailers, terraced houses and flats.
Tenure
Freehold
Tenancy
Please see the tenancy schedule below for more information.
Rent
Notes
Please note the total rent is £110,071 and the lease on the retail unit expires 03.10.2027 and not as previously stated.