119 Commercial Road
Portsmouth PO1 1BU
Description
Let to Schuh Ltd on a new 10 year lease from September 2011. Fixed uplifts throughout the first 5 years of the term.
Price
£1,900,000
Tenancy
Leasehold - 125 years from 2005. Freeholder is Trinity College, Cambridge
Rent (pa)
£135,000
Net Initial Yield
6.69%
On Behalf Of
Private Client
Floor Area
3,910 sq ft (363 sq m)
Location
The property is situated in the prime pedestrianised section of Commercial Road, in close proximity to H&M, Marks & Spencer and Primark.
Individual Contacts
Nick Stewart
BA (Hons) MRICS
- T: 020 3130 4659
- M: 07717 653937
- nickstewart@mmxretail.co.uk
Scott Mitchell
BSc (Hons) MRICS
- T: 020 3130 4660
- M: 07967 552995
- scottmitchell@mmxretail.co.uk