Commercial Road, Portsmouth

A private Spanish family trust, advised by Nightingale Partners, has acquired 158 Commercial Road, Portsmouth.

The purchase price represents a Net Initial Yield of 6.30% The property occupies a 100% prime trading position on the pedestrianised Commercial Road, and totals 4,557 sq ft (423 sq m) over ground and two upper floors.

The property is fully let to Burger King for a further 15 years, providing a rental income of £180,000 per annum.