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UNDER OFFER

1 Beacon House,
Cumberland Business Centre,
Northumberland Road,
Southsea,
Hampshire

Offices, Investment

4776 Sq Ft (443.69 Sq M)

Features

  • Well located within Southsea, Portsmouth and close to amenities
  • The property forms part of a busy business centre
  • Nine interlinked suites totalling NIA 4,776 sq ft
  • Capable of being occupied together or separately
  • 24 designated car parking spaces (1:199 sq ft)
  • Rent £49,464 pax (with a year's rent guarantee for the vacant parts)
  • ERV £52,534 pax (£11.00 psf)
  • Offers in the region of £550,000, subject to the tenancies and contract
  • A purchase at this level would reflect a NIY of 8.4% assuming purchaser's costs of 6.8% and reversionary yield of 8.9% (based on ERV)

Description

Long Leasehold Office Investment

Key Contacts

Contact Photo

Sebastian Martin

023 9262 9007