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76 Tangier Rd 419 SF 100% Leased Retail Building Portsmouth PO3 6HU $466,337 ($1,112.98/SF) 5.59% Cap Rate
INVESTMENT HIGHLIGHTS
- Busy retail location and vehicular thoroughfare
- Large three-bedroom maisonette above with separate parking and garage
- Self-contained ground floor retail unit
EXECUTIVE SUMMARY
The property comprises a two-storey premises with additional attic accommodation.
At ground floor level, the accommodation is arranged to provide a self-contained retail unit, together with ancillary storage and a WC.
The upper parts are accessed via a separate ground floor entrance (formerly utilised as a kitchen, now adapted for storage). The maisonette accommodation is arranged to provide, at first floor, a bathroom, kitchen, lounge and one bedroom. The attic floor offers two further bedrooms.
At ground floor level, the accommodation is arranged to provide a self-contained retail unit, together with ancillary storage and a WC.
The upper parts are accessed via a separate ground floor entrance (formerly utilised as a kitchen, now adapted for storage). The maisonette accommodation is arranged to provide, at first floor, a bathroom, kitchen, lounge and one bedroom. The attic floor offers two further bedrooms.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
419 SF
Year Built
1950
Price
$466,337
Price Per SF
$1,112.98
Cap Rate
5.59%
NOI
$26,062
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Frontage
20’ on Tangier Rd
AMENITIES
- Bus Line
- Signage
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NEARBY MAJOR RETAILERS
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76 Tangier Rd
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