Syndicate Type: Income
Asset Type: Retail
Property Address: 109 Commercial Road, Portsmouth, PO1 1BU
Tenant: DSG Retail Limited
Break Option: N/A
Lease Expiry: 28/09/2014
Passing rent: £140,000
Portsmouth is located approximately 70 miles south west of Central London, 20 miles west of Chichester and 19 miles south east of Southampton on the south coast. It is a main retail and commercial centre and is Hampshire’s second largest city. The area benefits from strong transport links, accessible to the M27, M3 and A3(M) as well as railway links to Central London. The subject property is situated on the western side of Commercial Road, the main pedestrianised section, just to the north of its intersection with Edinburgh Road, adjoining Barclays Bank and opposite Debenhams.
The subject is a 3 storey mid-terrace building comprising a ground floor retail unit with two upper floors utilised for storage. The building consists of a retail fenestration with aluminium framed glazed
p. windows and doors with a painted rendered elevation under a flat roof. The ground floor retail unit is predominantly an open plan sales area with a lift servicing the upper floors. We note that part of the first floor is sub-let to the adjoining Menswear store and that there is signage for this business positioned on the upper facade.