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Unit 11 Port Royal St 6,193 SF Industrial Building Southsea PO5 4NP $880,449 ($142.17/SF) 8.92% Cap Rate
Investment Highlights
- Let to University of Portsmouth Higher Education Corporation
- Close to Portsmouth & Southsea Station
- Secure yard with palisade fencing
Executive Summary
Detached industrial investment producing £58,000 per annum from a lease to University of Portsmouth Higher Education Corporation. The property is held on a 4-year FRI lease commencing 24 April 2025 and expiring 23 April 2029, with a tenant-only break option on 23 April 2027 subject to three months' notice. At the quoting price of £650,000 the investment reflects a gross yield of 8.92%. The property benefits from a secure yard, substantial parking provision, warehouse accommodation and a highly accessible city location.
Property Facts
| Price | $880,449 | Lot Size | 0.34 AC |
| Price Per SF | $142.17 | Rentable Building Area | 6,193 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.92% | Year Built | 1970 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.94/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Building Class | C |
| Price | $880,449 |
| Price Per SF | $142.17 |
| Sale Type | Investment |
| Cap Rate | 8.92% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.34 AC |
| Rentable Building Area | 6,193 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 1.94/1,000 SF |
| No. Drive In / Grade-Level Doors | 3 |
Amenities
- Bus Line
- Fenced Lot
- Security System
- Yard
- Automatic Blinds
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Unit 11 | Port Royal St
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