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77-79 High St 1,794 SF 100% Leased Retail Building Portsmouth PO6 3AZ $678,426 ($378.16/SF)
Investment Highlights
- Excellent connectivity
- Prominent high street location
- Heavy daytime foot traffic
Executive Summary
Offers in excess of £500,000 stc (No VAT) for the freehold. A purchase at this level would reflect a NIY of 10.5% aer usual purchasers costs of 6.8%. Fully let with total income of £56,280 pa.
The subject property comprises a single-storey mid-terrace building. The ground floor is arranged to provide three retail units, with two self-contained residenal flats (1 x 1 bedroom and 1 x 2 bedroom) located to the rear and accessed via Dorking Crescent.
The subject property comprises a single-storey mid-terrace building. The ground floor is arranged to provide three retail units, with two self-contained residenal flats (1 x 1 bedroom and 1 x 2 bedroom) located to the rear and accessed via Dorking Crescent.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,794 SF
Building Class
C
Year Built
2000
Price
$678,426
Price Per SF
$378.16
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.13 AC
Parking
5 Spaces (0.85 Spaces per 1,000 SF Leased)
Frontage
34’ on High St
Amenities
- Bus Line
- Signage
- Energy Performance Rating - C
- Storage Space
1 1
Nearby Major Retailers
1 of 4
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77-79 High St
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