Summary - 196 Fratton Road, PORTSMOUTH PO1 5HD
1 bed 1 bath Retail Property (high street)
Compact high-street shop with long lease and vacant possession, ideal for owner-occupier or investor.
522 sq ft ground-floor lock-up shop with hard shopfront
A compact, self-contained ground-floor shop on Fratton Road offering a straightforward ownership or investment opportunity. The 522 sq ft open-plan unit includes a hard shopfront, suspended ceiling, carpeted floors, kitchenette, W/C and storage — ready for an occupier fit-out or to re-let.
The long leasehold interest (990 years remaining) and peppercorn rent give secure tenure and low holding costs. When fully let the estimated ERV is around £11,000 per annum, and the property is sold with vacant possession. Offers in the region of £100,000 reflect the unit’s size and local market.
Location is a key selling point: busy high-street position with excellent public transport links, fast broadband and a wide range of local amenities. It may appeal to a small business owner wanting a street-level presence or an investor seeking a simple, low-management asset.
Buyers should note material drawbacks plainly: the unit sits in a deprived neighbourhood with a higher local crime rate, which may affect footfall and tenant demand. The interior is basic and will likely need refurbishment to achieve rental growth or specialist uses. Potential purchasers should check business rates eligibility and factor in fit-out costs and local market conditions.
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