Property photos
Auction
Guide price
£275,000
Terraced house for sale
29 Palmerston Road, Southsea, Hampshire PO5Local area information
Property location
Nearby amenities
- St John's College 0.2 miles
- Portsmouth High School 0.3 miles
- Southsea Hoverport 0.5 miles
- Portsmouth & Southsea 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Southsea and Portsmouth to find out more about the local area.
Features and description
- Long leasehold for a term of 98 years from 01/11/1951 at a ground rent of £450 pa. (25 years remaining)
For sale by auction 25/07/2024 £275,000 plus
leashold commercial investment let to wh smith retail holdings ltd at £42,500 P.A.
Location & Description
The property is arranged on ground and two upper floors, to provide a large ground floor shop unit, with further sales, office and storage space on the first and second floors. The property is located in a prominent retail position in the centre of the pedestrianised section of Palmerston Road.
Southsea is a seaside resort town, located in the county of Hampshire, two miles to the south of Portsmouth's inner city-centre and overlooking the Solent.
Accommodation
Whilst Strettons have not internally inspected the property, we understand that the accommodation comprises the following:
Ground Floor: 2,865 Sq Ft (266 Sq M)
First Floor: 2,112 Sq Ft (196 Sq M)
Second Floor: 764 Sq Ft (71 Sq M)
Basement: 376 Sq M (35 Sq M)
Total: 6,117 Sq Ft (568 Sq M)
Lease Details
The property is let to wh Smith Retail Holdings Ltd, for a term of 5 years from 05/05/2021 at a rent of £42,500 pa.
Tenure
Long leasehold for a term of 98 years from 01/11/1951 at a ground rent of £450 pa. (25 years remaining)
Note
Auction Surveyor : Rob Hills Contact :
Producing £42,500 per annum
EPC Rating
Please refer to legals
leashold commercial investment let to wh smith retail holdings ltd at £42,500 P.A.
Location & Description
The property is arranged on ground and two upper floors, to provide a large ground floor shop unit, with further sales, office and storage space on the first and second floors. The property is located in a prominent retail position in the centre of the pedestrianised section of Palmerston Road.
Southsea is a seaside resort town, located in the county of Hampshire, two miles to the south of Portsmouth's inner city-centre and overlooking the Solent.
Accommodation
Whilst Strettons have not internally inspected the property, we understand that the accommodation comprises the following:
Ground Floor: 2,865 Sq Ft (266 Sq M)
First Floor: 2,112 Sq Ft (196 Sq M)
Second Floor: 764 Sq Ft (71 Sq M)
Basement: 376 Sq M (35 Sq M)
Total: 6,117 Sq Ft (568 Sq M)
Lease Details
The property is let to wh Smith Retail Holdings Ltd, for a term of 5 years from 05/05/2021 at a rent of £42,500 pa.
Tenure
Long leasehold for a term of 98 years from 01/11/1951 at a ground rent of £450 pa. (25 years remaining)
Note
Auction Surveyor : Rob Hills Contact :
Producing £42,500 per annum
EPC Rating
Please refer to legals
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
Listed by
Strettons Auctions
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