MOT testing centre on the market for £250,000

A MOT testing centre in Alchorne Place in Portsmouth is on the market with a guide price of £250,000, based on £137.14 per square foot. The long leasehold interest being advertised is currently held under a 15-year lease, running from November 17, 2020 to November 16, 2035, with a current rent of £21,500 per year. The building is 1,823 square feet and sits within one of Portsmouth’s main industrial estates, with access links to the Eastern Road (A2030) and the M27 motorways. The sale includes workshop and office space, reception, two car lifts, a run-up ramp, a break roller, and around seven car parking spaces. The property’s warehouse interest is a long leasehold for 125 years from November 6, 1979, leaving about 78 years remaining, and a ground rent of £2,795 per year.