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207-211, Commercial Road, , Portsmouth, PO1 4BJ
34,442 Sq Ft / Retail
Withdrawn - Last updated: 11 April 2023
Summary
Prime High Street Retail Investment
Investment Considerations
• Portsmouth is Hampshire’s second largest city and is a major commercial and retailing centre on the south coast
• Prominent trading position on Commercial Road
• Substantial well configured unit with dual frontage
• Let to Argos Limited (now owned by Sainsbury’s) with a long unexpired term of approximately 13.78 years to expiry and 11.78 years to break
• Low passing rent of £245,000 per annum, reflecting £7.11 per sq ft
• Newly agreed rebased rent
• Large car park / development site is situated directly behind the subject property
• Freehold
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