PO5 Port Royal Street, Southsea

Detatched Industrial Building Investment 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.

Eaves Height 4.39m

Three Full Height Loading Doors (2x roller shutters, 1x concertina)

Approx. 19 Parking Spaces

Secure Yard with Pallisade Fencing

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%

Rateable Value £61,000.

Cellular Office Accomodation

Staff/Kitchen Area

Centrally Located

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, 630m east from Portsmouth and Southsea Station, and 150 m West from the A2030 taking you out of city.

Rental Income £58,000 pa

gross yield 8.92%