Acquired
Portsmouth – British Heart Foundation
8A High Street, Cosham, Portsmouth PO6 3BZVirtual Freehold Retail Investment
Tenure
Leasehold
Lease Term
10 Years
Years Left on Lease
1y 10m
Area
1,700 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises large ground floor retail premises t/a British Heart Foundation
- Nearby occupiers include Tesco, Lloyds, Superdrug, Costa, Burger King, Greggs, Ladbrokes, Hays Travel and a number of public car parks
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
Comprises large ground floor retail premises with benefit of rear access and loading bay, providing the following accommodation and dimensions:
Ground Floor: 158 sq m (1,700 sq ft)
Open plan retail, kitchen, office, storage, wc
Ground Floor: 158 sq m (1,700 sq ft)
Open plan retail, kitchen, office, storage, wc
Tenancy Description
The property is at present let to British Heart Foundation for a term of 10 Years from 25th July 2018 at a current rent of £19,260 per annum and the lease contains full repairing and insuring covenants. No breaks.
Tenure:
Long Leasehold. Held on a 999 Year lease from April 2025 at a ground rent of peppercorn.
Tenure:
Long Leasehold. Held on a 999 Year lease from April 2025 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Cosham is a northern suburb of Portsmouth lying within the city boundary but off Portsea Island. The property is prominently situated on the west side of the High Street, close to its junction with Spur Road, with nearby occupiers including Tesco, Lloyds, Superdrug, Costa, Burger King, Greggs, Ladbrokes, Hays Travel and a number of public car parks.
