Merkur Slots, Portsmouth
76 London Rd, North End, Portsmouth PO2 0LN, UKBasic Facts
| Property ID: 15208 | Post Updated: 2022-09-30 11:42:26 |
| Status: Sold | Tenure: Freehold |
| Gross Rent: £ 22,400 | Lease Term: 15 years from Sept '21 |
| VAT applicable: No |
Property Description
- Freehold retail and residential investment in Portsmouth.
- A mid-terrace building comprising a ground floor shop with separate rear access to 2 self-contained flats onthe first and second floors.
- The property includes a rear yard with parking for approximately 4 car.
Location Description
- Portsmouth is a densely populated city which lies approximately 70 miles south-west of London enjoying excellent road links via the A3(M) and the M27 (Junction 12).
- Busy retail thoroughfare, close to the junction with Laburnum Grove, adjacent to Greggs and Tui, opposite Lidl, close to branches of Subway, Costa, Iceland, Ladbrokes, Card Factory and Cex and approximately 1 mile north of Portsmouth City Centre.
Tenancy & Additional Notes
- Currently let to Merkur Slots UK Limited, with a lease term of 15 years from 1st September 2021 (t/o option tobreak in 2026 and 2031) and passing rent of £22,000.
- Flat 76a & 76b have a lease of 125 years each from 29th September 2015 with an income of £400 p.a. (doubling every 25 years)
- Total rental income £22,400.
Features
Customer car parking
Finance available
Freehold
No VAT applicable
Residential element
Under £500k
