Close cookie policy popup window
This site uses cookies for analysis purposes only. This helps us understand how you and other visitors use our site. To see a complete list of these cookies or to opt out please access our cookie policy page.

You will see this message only once, but you will be able to find more information about our use of cookies or opt out at any time.

News

Investment Sale Completed - 101 – 103 London Road, Portsmouth

Thursday 9 July 2020

We are pleased to have advised the freeholder on the sale of 101-103 London Road, Portsmouth. The property comprises of two self-contained, ground floor retail units, together with four, one bedroom flats on the upper floors.  Total size is 333 sq m.  Externally, there is rear access to the building and large rear yard. 

 

There are six tenants paying a total rent of £48,190 per annum and we managed to agree a price of £555,000, which reflected a net initial yield of 8.28% after purchaser’s costs of 4.9%.

 

For further information, please contact:

Sebastian Martin

E: s.martin@flude.com

T: 023 9262 9007