299 Commercial Road, Portsmouth, PO1 4BP
Clive Emson Land & Property AuctioneersClive Emson Auctioneers is one of the UK’s leading property auction houses, specializing in residential, commercial, and land sales. With decades of experience, they provide expert advice and a seamless auction process, attracting buyers and sellers across London, the South East, and the West Country.
Read more Read moreThis three-storey building sits in a prominent position in the city, with the billboard on the side advertising to thousands of cars that pass by every day. The retail unit on the ground floor is vacant with the two flats on the upper floors sold under the terms of a long lease. Digital Advertising Screen Tenancy Let under the terms of a commercial lease/licence agreement at rental of £6,000 per annum. We understand this income is then split equally between the long leaseholder of the upper two floors and the freeholder. Further details will be available in the legal pack. First Floor - Flat 279 Tenure Sold on a 99-year lease from 15th January 1988 at an initial ground rent of £50 per annum. Second/Third Floor - Flat 291 Tenure Sold on a 125-year lease from 25th March 1982 at an initial ground rent of £50 per annum. EPC Rating to be advised Auctioneer's Note Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation. Freehold with Part Vacant Possession
