Summary - 29, LONDON ROAD PO2 0BH
1 bed 1 bath Commercial Property
**Standout Features:**
- **Location:** Prime retail area in Portsmouth with heavy foot traffic.
- **Size:** Spacious single-storey commercial unit of 2,203 sq. ft.
- **Tenant:** Let to audio retailer until June 2031 at £27,500 pa.
- **Accessibility:** Three off-road parking spaces and rear access.
- **Investment Potential:** Opportunity for future development, especially under Class E usage.
**Concerns:**
- **Lease Duration:** Limited remaining lease term (8 years) might deter mortgage lenders.
- **Crime Rate:** Relatively high crime in the area, which could affect local business.
- **Condition/Features:** Original construction with double glazing; no insulation noted.
**Summary:**
Seize this unique opportunity to invest in a substantial retail space in the heart of Portsmouth. This single-storey, end-of-terrace unit offers an expansive 2,203 sq. ft. of open-plan commercial space, ideal for a variety of uses thanks to recent changes in Class E zoning regulations. Currently tenanted until June 2031, securing a reliable annual income of £27,500, this property benefits from significant visibility on a busy thoroughfare alongside well-known national brands like Lidl and Costa.
While the property does present challenges—such as an 8-year lease which may limit financing options for buyers—it boasts future development potential and designated off-road parking, enhancing its appeal for future renovations or expansions. With excellent road connectivity and a vibrant local trading environment, this commercial gem is perfect for the motivated investor looking to thrive in Portsmouth's retail landscape. Don’t miss out—properties like this are rarely on the market for long!
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