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5 bedroom terraced house for sale
Portsmouth, Hampshire, PO2 7LR
£250,000
Portsmouth, Hampshire, PO2 7LR
£250,000
Our Summary
- TO BE SOLD BY PUBLIC AUCTION AT A DATE TO BE CONFIRMED(UNLESS SOLD PREVIOUSLY)
- We invite IMMEDIATE CASH OFFERS, prior to possible Public Auction, from investors and developers for this MIXED COMMERCIAL/RESIDENTIAL BUILDING, the ground floor retail part being LET currently, the upper three floors (six rooms plus kitchen and bathroom) being VACANT and having considerable potential
- Planning consent (not implemented, and since lapsed) was granted in 2008 for conversion of this part to form a 1 Bedroom Flat plus a 2 Bedroom Maisonette
- Offering much scope to create a lucrative investment return, full particulars of this opportunity are given as follows:
- ADDITIONAL AUCTION COSTS
- , will be payable by the purchaser to the Auctioneers, either in the Saleroom or, if the Lot is sold prior to Auction, at the offices of Nesbit & Co
- An Auction Legal Pack (including Contract of Sale and Special Conditions) will be prepared by the Seller's
Description
A mixed commercial and residential building in Kingston Road, Portsmouth, is being sold by public auction. The ground floor is currently let as a retail unit and the upper floors are vacant and have potential for conversion into a 1-bedroom flat and a 2-bedroom maisonette. The property has a guide price of £250,000 and offers much scope for investment. The commercial unit is let on a new 3-year lease at £550 per month. The property has a total area of 1,626 square feet and is located in a convenient and secondary trading area. The residential council tax band is 'A' and the commercial EPC rating is 'C'. Viewings are by appointment with the sole agents and auctioneers.