Retail Property For Sale 1 Ascot House, 82 Elm Grove, Southsea, PO5 1LN

The property comprises a modern ground floor retail unit with paritioned meeting/ storage rooms a toilet and a kitchen with rear pedestrian access. The property benefits from a prominent frontage onto Elm Grove.

Terms
The long leasehold (999 years from 27th July 2006) interest is available to purchase with the benefit of an occupational lease. We are advised by the current owner that the property is let to Alison Gardiner Designs Ltd on a 5 year lease at a passing rent of £12,000 pax, commencing on the 1st January 2023. The Lease is available on request.

The property is considered to have an Estimated Rental Value (ERV) of £15,000 pax.

The property is available to purchase at a guide price of £165,000.

Unless stated otherwise all prices are exclusive of VAT.

EPC
Energy Performance Rating C 52

The property occupies an established position along Elm Grove a short distance from the centre of Southsea. Nearby occupiers include; The CoOp, Mr Tee Removals, Scoops Gelato and Huis bar together with a range of other independent shops, restaurants and takeaways.