>
5 bedroom terraced house for sale
Kingston Road, North End PO2 7LR
£230,000
Kingston Road, North End PO2 7LR
£230,000
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-use commercial and residential building is being sold by public auction, with a guide price of £220,000-£230,000. The ground floor retail unit is currently let for £550 per square meter on a new three-year lease, while the upper three floors, comprising six rooms, kitchen, and bathroom, are vacant and offer considerable potential for redevelopment. The property has been previously granted planning consent for conversion into a one-bedroom flat and a two-bedroom maisonette, but this consent has since lapsed. The building is located on Kingston Road in Portsmouth, close to a range of public amenities, and offers scope for creating a lucrative investment return. The property is being sold with vacant possession of the upper living accommodation, and the auctioneers are inviting immediate cash offers from investors and developers.