29 High St 283 SF Retail Building Emsworth PO10 7AL $297,586 CAD ($1,051.54 CAD/SF) 6.25% Cap Rate

Emsworth is a busy town in Hampshire, situated close to its border with West Sussex. It is conveniently located off the A27 south coast trunk road and lies approximately eight miles to the east of Portsmouth and 11 miles west of Chichester. The town has a mix of long standing independent and national occupiers with an excellent supply of amenities in the form of cafes, pubs and restaurants. Emsworth as a town centre continues to perform well with high occupancy rates, strong take-up and rental appreciation.
Long leasehold retail investment in popular coastal town The property comprises a ground floor retail unit forming part of Harbour Court, a mixed use two storey development understood to have been constructed in 2006. Internally the property consists of a regular shaped sales area, fully carpeted with plasterboard ceiling and ceiling mounted lighting, plus rear store room, WC and fire exit.
Investment Opportunity Unbroken term until 13 July 2029 Current rent £10,000 per annum with rent review 14 July 2026 Located within an attractive and popular coastal town Net sales area 228 sq. ft.
Long leasehold - 980 years remaining (peppercorn rent) Plus share of freehold (1st floor flat sold off - 999 years) Gross Initial Yield 6.25%