Let investment with redevelopment upside subject to planning.
Freehold retail unit in prime Fratton Road location
A substantial freehold shop in the heart of Fratton’s busy high street, currently producing £12,000 per annum. The single‑storey, mid‑terrace retail unit offers an open‑plan sales area, ancillary storage and staff facilities across approximately 757 sqft, with an allocated off‑street parking space to the rear.
For an investor this is a clear income opportunity: the property is let and comes with a forthcoming rent review due December 2025. There is also planning upside — potential to extend above and create residential accommodation subject to planning permission — offering scope to increase value or diversify income streams.
The building dates from 1928 with Art Deco brick frontage and a prominent trading position. Services are modern and broadband and mobile signals are reported as fast and excellent respectively. Buyers should note the surrounding area is classified as deprived with a higher local crime rate and a cosmopolitan, student‑led neighbourhood character.
The asking price reflects both the immediate rental return and the development potential. The unit will suit investors seeking a city‑centre, long‑let freehold with future redevelopment upside, or an owner‑occupier prepared to refurbish and reposition the asset.
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