For Sale
76 Tangier Road,
Portsmouth,
Hampshire,
PO3 6HU
Back to Results
Investment
1,356 Sq Ft (125.97 Sq M)
- Busy retail location and vehicular thoroughfare
- Self-contained ground floor retail unit
- Large three-bedroom maisonette above with separate parking and garage
- Total passing rent £19,560 pax
- Freehold interest, subject to the tenancies
- Guide price £365,000
- No VAT
- Nearby occupiers include SPAR, Bobat Pharmacy and Harpers Sandwich Bar
Location
Portsmouth is the second largest city in the county of Hampshire and is the second most densely populated city in the UK, after Inner London. It is located approximately 66 miles south west of Central London, 53 miles west of Brighton and 20 miles east of Southampton.
The city benefits from excellent road communications being situated at the M27/A27 junction, which links to M3 and A3(M) and provides access to London and the wider national motorway network.
The property is situated on the southern side of Tangier Road, which is a through road to Milton and Copnor road. Tangier road is a busy and densely populated retail location in Portsmouth.
Description
The property comprises a two-storey premises with additional attic accommodation.
At ground floor level, the accommodation is arranged to provide a self-contained retail unit, together with ancillary storage and a WC.
The upper parts are accessed via a separate ground floor entrance (formerly utilised as a kitchen, now adapted for storage). The maisonette accommodation is arranged to provide, at first floor, a bathroom, kitchen, lounge and one bedroom. The attic floor offers two further bedrooms.
Externally, to the rear, there is a small courtyard, together with a separate garage and a single parking space.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
| Description | Sq Ft | Sq M |
|---|---|---|
| Retail Unit | 419 | 38.93 |
| Maisonette | 937 | 87.05 |
| Total | 1,356 | 125.98 |
Energy Performance Rating
We understand the property to have the following EPC ratings:
Shop - B - 42
Maisonette - D - 58
Planning
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
Taxation
We understand the property to have the following taxation:
Address: 76 Tangier Road, Portsmouth PO3 6HU
Description: Shop and Premises
Rateable Value (2023): £6,200
Address: 76 Tangier Road, Portsmouth PO3 6HU
Council Tax Band: A
Tenancy Information
The ground floor is let on a 5 year from 01 October 2024 until 30 September 2029. There is a mutual rolling break on six months notice. The rent is £9,000 per annum.
The maisonette is let on a rolling tenancy, at a rent of £10,560 per annum.
Total rent £19,560 pax.
Terms
We have been instructed to market the freehold interest, subject to the existing tenancies and contract, at a guide price of £365,000.
VAT
We understand that the property is not elected for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Anti-Money Laundering Regulations 2017
In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.
This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.
Flude Property Consultants for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Property Consultants has any authority to make or give any representation or warranty whatsoever in relation to this property.
Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.
We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and any reliefs.