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108-112 Elm Grv 7,147 SF 100% Leased Retail Building Southsea PO5 1LP $614,070 ($85.92/SF)
INVESTMENT HIGHLIGHTS
- Freehold possession.
- Popular and busy thoroughfare.
- 245.77 sq. m. (2,645 sq. ft.).
- Good public transport.
EXECUTIVE SUMMARY
The property is situated at the eastern end of Elm Grove close to the junction with Victoria Road South and Albert Road in this popular and busy thoroughfare of central Southsea. The area is characterised by a number of independent retailers, cafés, bars, pubs and restaurants. The site is also in close proximity to Gunwharf Quays, a waterfront outlet shopping centre incorporating a wide retail offering plus bars, restaurants, cinema and Spinnaker Tower. Portsmouth & Southsea train station is approximately 0.60 miles to the north west.
Retail shops for sale The accommodation comprises two retail units requiring improvement, both with their own shopfronts, entrances and rear access doors. With the exception of a small section of land behind 104/106 Elm Grove, the Title includes the gated and walled rear parking / service yard plus walkway leading to Elm Grove adjacent 100/102 Elm Grove. The site benefits from pedestrian and vehicular rights of way for access and egress via Albany Road with a steel gate located on the eastern boundary.
Retail shops for sale The accommodation comprises two retail units requiring improvement, both with their own shopfronts, entrances and rear access doors. With the exception of a small section of land behind 104/106 Elm Grove, the Title includes the gated and walled rear parking / service yard plus walkway leading to Elm Grove adjacent 100/102 Elm Grove. The site benefits from pedestrian and vehicular rights of way for access and egress via Albany Road with a steel gate located on the eastern boundary.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Supermarket
Building Size
7,147 SF
Building Class
B
Year Built
1925
Price
$614,070
Price Per SF
$85.92
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.95
Lot Size
0.17 AC
Frontage
98’ on Elm Grove
AMENITIES
- Automatic Blinds
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Pound Buys
- -
- 1,492 SF
- -
- Nov 2020
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Pound Buys | - | 1,492 SF | - | Nov 2020 |
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NEARBY MAJOR RETAILERS
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108-112 Elm Grv
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