Freehold Retail Investment
Freehold Retail Investment
The property is situated on the eastern side of Kingston Road, close to its junctions with Binsteed Road and Toronto Road in the North End area of the city of Portsmouth. Kingston Road is one of the prime thoroughfares of this densely populated inner suburb and is home to many independent retailers.
Virtual Freehold. Held from Flexi Holdings Inc for a term of 999 years from 1st January 2014 at a peppercorn rent.
The property is situated on the eastern side of Kingston Road, close to its junctions with Binsteed Road and Toronto Road in the North End area of the city of Portsmouth. Kingston Road is one of the prime thoroughfares of this densely populated inner suburb and is home to many independent retailers.
Virtual Freehold. Held from Flexi Holdings Inc for a term of 999 years from 1st January 2014 at a peppercorn rent.
The property comprises a ground retail unit which forms part of a larger building.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground retail unit which forms part of a larger building.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 48.40 sq m |
(521 sq ft) |
NEW HOPE TRUST (1) | 3 years from 10/07/2013 (2) | £5,250 | 09/07/2016 |
| Totals | 48.40 sq m |
(521 sq ft) |
£5,250 | ||||
(1) New Hope Trust is a registered charity which supports families, children and the elderly in the local community and in Moldova and Romania. (Source: www.charitycommission.co.uk 16/04/2014)
(2)The lease provides a tenant’s option to determine on the second anniversary of the term, subject to six months’ notice.
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