Property for sale

Units 1-8 Walberant Buildings, Copnor Road, Portsmouth PO3

Located in the heart of Hilsea, a popular suburb of Portsmouth, this substantial block comprises eight commercial units, some of which have been combined to form larger retail spaces meaning that the accommodation currently comprises five retail units. Being on one of the main junctions in and out of the city, there is always a high volume of passing traffic making the parking at the front of the units all the more useful. The units are currently let to a variety of occupiers and are considered ideal for continued use as an income producing investment.

Tenancy
Units 1 & 2
Let on a Commercial Lease for a term of 2 Years and 2 Months from 14th March 2024 at a current rental of £9,600 per annum. Currently trading as Sunshine Health Therapeutic Massage.

Unit 3
Let on a Commercial Lease for a term of 5 years from 6th August 2023 at a current rental of £6,000 per annum. Currently trading as Mane Character Hair Salon.

Units 4 & 5
Let on a Commercial Lease for a term of 5 years from 17th July 2015 at a current rental of £9,000 per annum. Currently trading as The Sign Shop Portsmouth.

Unit 6
Currently vacant. Potential rental of approximately £6,000 per annum.

Units 7 & 8
Let on a Commercial Lease for a term of 5 years from 1st August 2023 at a current rental of £10,800. Currently trading as House of bty Salon and Training Academy.

Tenure
All units are owned under the terms of 150-year leases from 1st January 2015, at a current combined ground rent of £3,200 per annum.

EPC Ratings
To be confirmed.

Leasehold with Part Vacant Possession
Commercial EPC: Tbc
Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to