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44A High St 1,339 SF 100% Leased Retail Building Portsmouth PO6 3AG $400,363 CAD ($299.00 CAD/SF) 8.14% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in a busy position in Cosham High Street
- There is a public pay-and-display car park off Wootton Street to the rear
- Close to Ladbrokes, Specsavers, Wetherspoon & TG Jones
EXECUTIVE SUMMARY
Offers invited in the region of £215,000 which will show a purchaser a net initial yield of approximately 8.14% after deducting purchaser’s costs at 1.75% and SDLT.
The premises are let to Seyedeh Roya Ghafari with Saman Dinpajoh as Guarantor on a 15 year FRI lease from 24/10/2025 - 23/10/2040 subject to non-downward rent reviews on 24/10/2030 & 24/10/2025, at a current rent of £18,000 pax [VAT is not currently charged] and with a deposit of £4,500.
The premises are let to Seyedeh Roya Ghafari with Saman Dinpajoh as Guarantor on a 15 year FRI lease from 24/10/2025 - 23/10/2040 subject to non-downward rent reviews on 24/10/2030 & 24/10/2025, at a current rent of £18,000 pax [VAT is not currently charged] and with a deposit of £4,500.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,339 SF
Building Class
B
Year Built
1960
Price
$400,363 CAD
Price Per SF
$299.00 CAD
Cap Rate
8.14%
NOI
$32,590 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Frontage
17’ on High St
AMENITIES
- Bus Line
- Commuter Rail
- Signage
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NEARBY MAJOR RETAILERS
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44A High St
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