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- LoopNet Team
88 Tangier Rd
Portsmouth PO3 6HU
Retail Property For Sale
Executive Summary
The property is a mid terrace two storey lock-up shop currently occupied by a off licence trading as Krishna Food & Wine. Internally the property is principally open plan with a main sales and ancillary storage to the rear. The premises benefits from toilet facilities. The subject property is situated on the southern side of Tangier Road a busy arterial road home to a number of independent businesses including; Bobat Pharmacy, Harpers Sandwich Bar and Beeny's Coffee. The property is available to purchase freehold and subject to an occupation lease dated 18th Dec 2021 which expires 17th December 2036. The tenant is currently paying a rent of £7,300 pax on an FRI lease. There is a rent review on the 18th Dec 2024. The first floor pays a peppercorn rent.
PROPERTY FACTS
| Property Type | Retail | No. Stories | 2 |
| Property Subtype | Storefront Retail/Residential | Year Built | 1950 |
| Building Class | B | Tenancy | Single |
| Gross Leasable Area | 631 SF | APN / Parcel ID | PM8455 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Gross Leasable Area | 631 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Tenancy | Single |
| APN / Parcel ID | PM8455 |
Amenities
- Bus Line
- Signage
