Log In/Sign Up
Your email has been sent.
44A High St 1,339 SF 100% Leased Retail Building Portsmouth PO6 3AG $293,997 ($219.56/SF) 8.14% Cap Rate
Investment Highlights
- Located in a busy position in Cosham High Street
- There is a public pay-and-display car park off Wootton Street to the rear
- Close to Ladbrokes, Specsavers, Wetherspoon & TG Jones
Executive Summary
Offers invited in the region of £215,000 which will show a purchaser a net initial yield of approximately 8.14% after deducting purchaser’s costs at 1.75% and SDLT.
The premises are let to Seyedeh Roya Ghafari with Saman Dinpajoh as Guarantor on a 15 year FRI lease from 24/10/2025 - 23/10/2040 subject to non-downward rent reviews on 24/10/2030 & 24/10/2025, at a current rent of £18,000 pax [VAT is not currently charged] and with a deposit of £4,500.
The premises are let to Seyedeh Roya Ghafari with Saman Dinpajoh as Guarantor on a 15 year FRI lease from 24/10/2025 - 23/10/2040 subject to non-downward rent reviews on 24/10/2030 & 24/10/2025, at a current rent of £18,000 pax [VAT is not currently charged] and with a deposit of £4,500.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,339 SF
Building Class
B
Year Built
1960
Price
$293,997
Price Per SF
$219.56
Cap Rate
8.14%
NOI
$23,931
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Frontage
17’ on High St
Amenities
- Bus Line
- Commuter Rail
- Signage
1 1
Nearby Major Retailers
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
44A High St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.