Acquired
Portsmouth – Pet Store
8B High Street, Cosham, Portsmouth PO6 3BZVirtual Freehold Retail Investment
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
3y 3m
Area
1,810 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises large ground floor retail premises t/a Pet Shop
- Let until December 2029. Tenant in occupation for 35+ years.
- 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: 168 sq m (1,810 sq ft)
Open plan retail, kitchen, office, storage, wc
Ground Floor: 168 sq m (1,810 sq ft)
Open plan retail, kitchen, office, storage, wc
Tenancy Description
The property is at present let to an Individual t/a Cosham Pets for a term of 5 Years from 3rd December 2024 at a current rent of £21,000 p.a. and the lease contains full repairing and insuring covenants. Tenant option to determine on 2nd December 2027 with min 6 months notice. Tenant in occupation since at least 1990.
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.





