Log In/Sign Up
Your email has been sent.
17-19 Highland Rd 1,346 SF 100% Leased Retail Building Southsea PO4 9DA $380,605 ($282.77/SF) 7% Cap Rate
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
Sale of the freehold, with a guide price of £280,000. A purchase at this level would reflect a NIY of 7% and a reversionary yield of 10% based on our ERV of £28,500 pax.
The property is arranged as two retail units and occupied as a café and bookshop. Passing rent £20,576 pax (ERV £28,500 pax).
The property is arranged as two retail units and occupied as a café and bookshop. Passing rent £20,576 pax (ERV £28,500 pax).
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,346 SF
Building Class
C
Year Built
1950
Price
$380,605
Price Per SF
$282.77
Cap Rate
7%
NOI
$26,642
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.59
Lot Size
0.05 AC
Amenities
- Bus Line
- Security System
- Energy Performance Rating - B
1 1
Nearby Major Retailers
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
17-19 Highland Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.