INVESTMENT
INVESTMENT
HOLLOWAY ILIFFE & MITCHELL
RETAIL & RESIDENTIAL INVESTMENT 1,206 Sq Ft (112.04 Sq M)
103-105 Fratton Road Fratton Portsmouth Hampshire SATNAV PO1
5AH
Mixed Residential & Commercial Tenants Asset Management Opportunities
Portsmouth
O23 9237 78OO
Southampton
O23 8011 9977
Commercial Estate Agency Property Management Valuations Development Advice Rating Investment Advice Building Surveys Arbitration Rent Review / Lease Renewal
hi-m.co.uk
103-105 Fratton Road, Fratton, Portsmouth, Hampshire LOCATION
EPC RATING
The subject property is situated on the western side of Fratton Road, a short distance from the Bridge Shopping Centre. Fratton Road is one of the main arterial routes into and out of Portsmouth, connecting to the M27 towards the north.
103: C (61) / 105: D (82) 103a: D (67) / 103b: D (66) / 103c: G (18) LOCATION PLAN
DESCRIPTION The property is a mid-terrace building with 2 commecial shops on the ground floor with 3 residential flats above and behind. Shop 103 is currently occupied by a gents hairdressers / barbers, with shop 105 being occupied by a fast food takeaway. The flats are all accessed from street level via a separate access point. The flats comprise of 1 x bedsit at ground floor level, 1 x one bedroom flat at first floor level comprising a bathroom, living room, bedroom & kitchen and 1 x two bedroom flat over two floors providing 2 bedrooms, a kitchen, living room & bathroom. ACCOMMODATION Shop 103
24.18 sq.m
260 sq.ft
Shop 105 Sales area Kitchen / preparation area Basement / store Total
43.73 sq.m 13.73 sq.m 30.39 sq.m 87.85 sq.m
471 sq.ft 148 sq.ft 327 sq.ft 946 sq.ft
Ground floor rear - 103a - bedsit 103b - 2 bedroom flat 103c - 1 bedroom flat TERMS £400,000 for the freehold exclusive of VAT Freehold. The property is to be sold with the benefit of commercial leases in place on the ground floor and ASTs on the residential aspect. Total income for the building is £31,200 per annum, which represents an initial yield of 7.8%.
DISCLAIMER
Holloway Iliffe & Mitchell Limited
Registered Office:10 Acorn Business Park Northarbour Road Portsmouth PO6 3TH
For the Lessors or Vendors of this instruction, whose Agents they are, give notice that; These particulars are set out as general guidance only to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Lessees, Purchasers or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Holloway Iliffe & Mitchell has any authority to make any representation or warranty whatsoever in relation to this property.
VIEWING Strictly by appointment with sole agents
Tenancy schedule available upont request.
Tom Holloway
OTHER COSTS
T 023 9237 7800 T 023 8011 9977 E [email protected]
Each party to be responsible for their own legal costs incurred in the transaction. Unless stated, all prices and rents are quoted exclusive of VAT. As responsible landlords, our client has regard to the recommendations of the Code of Practice for Commercial Leases in England & Wales. If you are professionally represented, you should ask your advisor for a copy. Alternatively, the document can be found at www.leasingbusinesspremises.co.uk or be obtained from The Royal Institution of Chartered Surveyors (Tel: 020 7343 3806) In accordance with the code, our client is willing to consider alternative lease terms to those proposed. If you wish to suggest different terms, please set these out clearly in your reply. Please bear in mind however that variations may affect the level of rent proposed.
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Date Prepared: 24-May-2017
HOLLOWAY ILIFFE & MITCHELL
RETAIL & RESIDENTIAL INVESTMENT 1,206 Sq Ft (112.04 Sq M)
103-105 Fratton Road Fratton Portsmouth Hampshire SATNAV PO1
5AH
Mixed Residential & Commercial Tenants Asset Management Opportunities
Portsmouth
O23 9237 78OO
Southampton
O23 8011 9977
Commercial Estate Agency Property Management Valuations Development Advice Rating Investment Advice Building Surveys Arbitration Rent Review / Lease Renewal
hi-m.co.uk
103-105 Fratton Road, Fratton, Portsmouth, Hampshire LOCATION
EPC RATING
The subject property is situated on the western side of Fratton Road, a short distance from the Bridge Shopping Centre. Fratton Road is one of the main arterial routes into and out of Portsmouth, connecting to the M27 towards the north.
103: C (61) / 105: D (82) 103a: D (67) / 103b: D (66) / 103c: G (18) LOCATION PLAN
DESCRIPTION The property is a mid-terrace building with 2 commecial shops on the ground floor with 3 residential flats above and behind. Shop 103 is currently occupied by a gents hairdressers / barbers, with shop 105 being occupied by a fast food takeaway. The flats are all accessed from street level via a separate access point. The flats comprise of 1 x bedsit at ground floor level, 1 x one bedroom flat at first floor level comprising a bathroom, living room, bedroom & kitchen and 1 x two bedroom flat over two floors providing 2 bedrooms, a kitchen, living room & bathroom. ACCOMMODATION Shop 103
24.18 sq.m
260 sq.ft
Shop 105 Sales area Kitchen / preparation area Basement / store Total
43.73 sq.m 13.73 sq.m 30.39 sq.m 87.85 sq.m
471 sq.ft 148 sq.ft 327 sq.ft 946 sq.ft
Ground floor rear - 103a - bedsit 103b - 2 bedroom flat 103c - 1 bedroom flat TERMS £400,000 for the freehold exclusive of VAT Freehold. The property is to be sold with the benefit of commercial leases in place on the ground floor and ASTs on the residential aspect. Total income for the building is £31,200 per annum, which represents an initial yield of 7.8%.
DISCLAIMER
Holloway Iliffe & Mitchell Limited
Registered Office:10 Acorn Business Park Northarbour Road Portsmouth PO6 3TH
For the Lessors or Vendors of this instruction, whose Agents they are, give notice that; These particulars are set out as general guidance only to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Lessees, Purchasers or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Holloway Iliffe & Mitchell has any authority to make any representation or warranty whatsoever in relation to this property.
VIEWING Strictly by appointment with sole agents
Tenancy schedule available upont request.
Tom Holloway
OTHER COSTS
T 023 9237 7800 T 023 8011 9977 E [email protected]
Each party to be responsible for their own legal costs incurred in the transaction. Unless stated, all prices and rents are quoted exclusive of VAT. As responsible landlords, our client has regard to the recommendations of the Code of Practice for Commercial Leases in England & Wales. If you are professionally represented, you should ask your advisor for a copy. Alternatively, the document can be found at www.leasingbusinesspremises.co.uk or be obtained from The Royal Institution of Chartered Surveyors (Tel: 020 7343 3806) In accordance with the code, our client is willing to consider alternative lease terms to those proposed. If you wish to suggest different terms, please set these out clearly in your reply. Please bear in mind however that variations may affect the level of rent proposed.
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Date Prepared: 24-May-2017
