29 Palmerston Road, Southsea, Hampshire, PO5 3QB
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- Long leasehold for a term of 98 years from 01/11/1951 at a ground rent of £450 pa. (25 years remaining)
Description
Location & Description
The property is arranged on ground and two upper floors, to provide a large ground floor shop unit, with further sales, office and storage space on the first and second floors. The property is located in a prominent retail position in the centre of the pedestrianised section of Palmerston Road.
Southsea is a seaside resort town, located in the county of Hampshire, two miles to the south of Portsmouth's inner city-centre and overlooking the Solent.
Accommodation
Whilst Strettons have not internally inspected the property, we understand that the accommodation comprises the following:
Ground Floor: 2,865 Sq Ft (266 Sq M)
First Floor: 2,112 Sq Ft (196 Sq M)
Second Floor: 764 Sq Ft (71 Sq M)
Basement: 376 Sq M (35 Sq M)
Total: 6,117 Sq Ft (568 Sq M)
Lease Details
The property is let to WH Smith Retail Holdings Ltd, for a term of 5 years from 05/05/2021 at a rent of £42,500 pa.
Tenure
Long leasehold for a term of 98 years from 01/11/1951 at a ground rent of £450 pa. (25 years remaining)
Note
Auction Surveyor : Rob Hills Contact :
Robert.
PRODUCING £42,500 PER ANNUM
EPC Rating
B
Viewing Times
Brochures
Legal Documents29 Palmerston Road, Southsea, Hampshire, PO5 3QB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Portsmouth & Southsea Station0.8 miles
- Fratton Station0.9 miles
- Portsmouth Harbour Station1.1 miles
About the agent
Strettons Auctions, London
Waltham House, 11 Kirkdale Road, London, E11 1HP
Strettons holds 7 auctions a year and combines residential and commercial investment opportunities of all types. As a firm of Chartered Surveyors and regulated by the RICS, we adhere to high standards and our clients benefit from comprehensive property advice on all matters. Our team of auction surveyors brings a wealth s of experience and is available to offer their expertise throughout all stages of your auction journey. To learn more, give us a call and we will look forward to working with
Notes
Disclaimer - Property reference 250786. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Strettons Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Strettons Auctions, London on 020 3840 3721.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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