271, 273 Copnor Road

Portsmouth, PO3 5EF

3,778 sq ft
For Sale
Residential / Retail

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Mixed Use Investment - For Sale - BUSINESS UNAFFECTED

Property Type Residential / Retail
Tenure For Sale
Size 3,778 sq ft
Price Offers from £550,000
Business Rates 271 Copnor Road (£6,000), 273 Copnor Road (£15,000).
Service Charge Information unavailiable.
Energy Performance Rating This property has been graded as D (89)

Key Features

  • Rare Freehold Investment Opportunity - Sale and Leaseback
  • Mixed Use Retail and Residential
  • Busy Roadside Frontage
  • Potential for Retail Space to be Split
  • Rear Vehicular Access/ Loading

Description

The property comprises two retail units which are currently arranged to provide a single retail space with anciallary storage and offices to the rear. The retail accomodation could be split to provide two shops in the future subject to all necessary consents and approvals. The upper floors provide two, two bedroom flats accessed at street level from Copnor Road.

The owner of 271-273 Copnor Road wishes to agree a sale and lease back of the commercial space (terms to be agreed) while the flats are currently rented out on Assured Shorthold Tenancies.

The current rental income from the flats is as follows:

Flat (271 a) £790 pcm (Rising to £895 from 1st July 2022)
Flat (273 a) £750 pcm (Rising to £895 from 1st July 2022)

Available area

The commercial aspect of the property was measured on a Net Internal Area basis. Residential measured on a Gross Internal Area Basis. The accommodation comprises of the following approximate areas:

Name Sq ft Sq m Availability
Ground - Retail 2,196.32 204.04 Available
1st - 271 A 840.30 78.07 Available
1st - 273A 832.30 77.32 Available
Total 3,868.92 359.43  

Location

The property is located in Portsmouth a substantial commercial hub and port situated along the south coast forming part of the expanding south coast conurbation.

The property is situated on Copnor Road a busy arterial road within Portsmouth leading from Hilsea and connecting with Copnor Bridge to the south and onto Eastney and Southsea. The premises are situated close to the junction with Burrfields Road on the western side of Copnor Road.

Viewings

Strictly by prior appointment with sole agents Holloway Iliffe and Mitchell - 023 9237 7800.

Terms

The property is availiable to purchase Freehold at a guide price of £550,000 exclusive of any VAT.