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Sold
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The property comprises a high yielding retail investment forming a popular roadside parade.
Arranged across ground floor only, the property comprises eight retail units and is multi-let to four tenants, with some tenants occupying double units.
Unit 6 is currently vacant, offering immediate asset management potential via letting, furthermore the tenant of Units 4 & 5 has been holding over since 2020 and therefore the unit may offer asset management potential via renewal of the lease and improvement of rents.
The parade benefits from a prominent pitch fronting Copnor Road, an arterial route in the popular suburb of Hilsea. The property benefits from ample parking to the front, providing good levels of footfall from passing traffic.
Tenure
Leasehold - 150 Years from 2023 (147 Years Unexpired) - Ground Rent £3,200 per annum - Please Refer to Legal Pack
Tenancy
Please see the tenancy and accommodation schedule for more information.
Rent