Summary - 64b, London Road, PORTSMOUTH PO2 0LN
1 bed 1 bath Shop
**Standout Features:**
- Located on a busy retail parade popular for hot food uses
- Generates a total income of £18,250 per annum
- Attractive net initial yield of 8.1%
- Lease expiry in 2033, enhancing long-term investment potential
- One allocated parking space with rear loading access
- Zero maintenance concerns reported for the ground floor retail unit
- Upper residential units sold off on long leasehold (125 years)
**Summary:**
This commercial property presents an excellent investment opportunity in the bustling North End of Portsmouth. Spanning a total of 1,137 sq.ft, the ground floor is currently leased to a pizza takeaway, tapping into the area's vibrant food scene. The property benefits from a secure income of £18,250 per annum and an enticing net initial yield of 8.1%, with a long lease expiring in 2033. Ideal for investors looking for a stable return, the building features a highly visible shopfront within a dense urban locale, ensuring consistent foot traffic.
The site also offers one allocated parking space, enhancing convenience for both business and residential tenants. The two upper residential apartments, sold on long leasehold, allow for diverse income streams without additional ownership obligations. While the area has a higher crime rate and a degree of deprivation, the property's location within a thriving commercial hub provides significant potential for growth. With numerous amenities within walking distance, including supermarkets and eateries, this property is not to be missed for savvy investors seeking a solid portfolio addition.
*Offers invited at £220,000—don’t miss this chance to secure a high-yield investment in Portsmouth!*
Commercial property for sale in 29 London Road, Portsmouth, Hampshire, PO2 0BH, PO2 — £305,000 • 1 bed • 1 bath • 2203 ft²
Shop for sale in 404 London Road, Portsmouth, PO2 — £140,000 • 1 bed • 1 bath • 1407 ft²
Commercial property for sale in Kestrel Court, 77-79 High Street, Cosham, Portsmouth, Hampshire, PO6 — £795,000 • 1 bed • 1 bath • 5909 ft²
High street retail property for sale in 170 Copnor Road, Portsmouth, Hampshire, PO3 — £170,000 • 1 bed • 1 bath • 1160 ft²
High street retail property for sale in Copnor Road, Portsmouth , PO3 — £270,000 • 1 bed • 1 bath • 550 ft²
High street retail property for sale in 8B High Street, Portsmouth, Hampshire, PO6 — £250,000 • 1 bed • 1 bath • 1810 ft²
