The property is situated on the north side of Havant Road, an established local trading location, in between its junctions with Penrhyn
Avenue and Drayton Lane.
The city of Portsmouth is a major south coast naval base, ferry port and university city, and is also an important retail and commercial
The city has a resident population of some 175,000 and benefits from excellent road communication, being served by the M27,
M271 and A3(M) Motorways and the A27 dual carriageway. There are also regular rail services to London and major South West towns.
Drayton is a residential area and makes up one of the administrative districts of the city of Portsmouth.
Occupiers close by include Co-operative, Betfred, Jeffries Estate Agents, Fry & Kent Estate Agents, Forrest Optometrist, Vet Clinic, Physiotherapist Clinic are amongst other local occupiers.
The property comprises a ground floor retail trading as Fine & Country Estate Agents. There is a sales area with some internal partitioned office, rear staff area includes Kitchen and WC. There is rear access.
We are instructed to market the Long Leasehold Interest at the asking price of £197,500 plus VAT, subject to the occupational lease and subject to contract.
This property is Long Leasehold Interest, held for 999 year term from 11th December 2006, subject to the occupational lease in place to Parish Properties Limited for a 10 year term from 25th March 2019. Parish Properties Limited trading as Fine & Country Estate Agents.
Each party to be responsible for their own legal costs incurred in this transaction.
We understand that the property is elected for VAT. VAT is payable on the purchase price.