6 Clarendon Road

Key Features

• Freehold investment
• Popular location
• Lease expires 2026 (potential to extend the lease STC)
• Central Southsea
• Occupying Business Unaffected

Location

The property is located on the south side of Clarendon Road in close proximity to the main pedestrianized shopping area in Palmerston Road. Clarendon Road is a recognized secondary trading location, nearby occupiers include estate agents along with several independent restaurant’s, cafes, and retailers.

Available area

The accommodation comprises of the following

Name	Sq ft	Sq m	Availability
Ground	831.94	77.29	Available
Basement	330.45	30.70	Available
Total	1,162.39	107.99

Description

This freehold investment property comprises a mid terrace building in the heart of Southsea. The ground floor and basement are currently let and configured as a beautician to provide a reception area, treatment rooms, kitchen, WC, rear store, and a basement.

Ground floor and basement - Lease for a term of 10 years beginning on 8th July 2016 and ending on and including 7th July 2026 at a rent of £20,000 per annum

Upper parts - long leasehold interests of the upper parts has been sold at a ground rent of £1,000 per annum.

Viewings

Strictly by appointment with agent

Terms

Freehold for sale - guide price £315,000

Ground floor - Leased for a term of 10 years beginning on 8th July 2016 and ending on and including 7th July 2026, at a passing rent of £20,000 per annum

Other costs

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