Port Royal Street
Southsea, PO5 4NPThe Space
Detatched Industrial Building Investment
At a glance
| Property Type | Industrial / Investment / Warehouse |
| Tenure | For Sale |
| Size | 6,720 sq ft |
| Price | Offers in the region of £650,000 |
| Business Rates | Upon Enquiry |
| Service Charge | n/a |
| Energy Performance Rating | This property has been graded as C (72) |
Fratton
7 mins
Portsmouth and Southsea
7 mins
Portsmouth Harbour
21 mins
Hilsea
46 mins
Reading
888 mins
Twyford
924 mins
Tadworth
969 mins
Tattenham Corner
981 mins
Key Points
- Cellular Office Accomodation
- Staff/Kitchen Area
- Secure Yard
- Centrally Located
- Let to University of Portsmouth Higher Education Corporation
Description
The property comprises a single storey detached industrial building of steel portal frame construction with part profile clad and part brick elevations under a pitched profile clad roof. Externally there is a secure yard with parking.
The property comprises a mixture of cellular internal partitioned and open plan office space, staff/kitchen area, WCs, storerooms and warehouse areas. The offices are fitted out with carpeted floors and suspended ceilings. The windows are double glazed uPVC framed.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Unit | 6,720 | 624.31 | Available |
| Total | 6,720 | 624.31 |
The Location
Portsmouth is located approximately 20 miles east of Southampton and 70 miles South West of London. The city benefits from excellent road communications being situated at the M27 / A27 junction, which links to the M3 and A3(M) which provides access to London and the wider national motorway network.
Port Royal Street is situated off Reglan Street, 630 m east from Portsmouth and Southsea Station, and 150 m West from the A2030 taking you out of city.
Specifications
Eaves Height 4.39m
Three Full Height Loading Doors (2x roller shutters, 1x concertina)
Approx. 19 Parking Spaces
Secure Yard with Pallisade Fencing
Terms
Available at a price of £650,000.00 with the benefit of a 4 year FRI lease from 24th April 2025, due to expire 23rd April 2029, there is a tenant only break option at 23rd April 2027 subject to 3 months notice at a passing rent of £58,000 pa, let to University of Portsmouth HIgher Education Corporation. At the quoting price this represents a gross yield of 8.92%
Business Rates
Rateable Value £61,000.
You are advised to make your own enquiries to the local authority in this regard.
Other Costs
Legal Costs - Each party to bear their own costs incurred in the transaction.
VAT - Unless stated otherwise all costs and prices are exclusive of VAT
