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5 bedroom terraced house for sale
Kingston Road, North End PO2 7LR
£224,995
Kingston Road, North End PO2 7LR
£224,995
Our Summary
- TO BE SOLD BY PUBLIC AUCTION AT A DATE TO BE CONFIRMED(UNLESS SOLD PREVIOUSLY)
- GUIDE PRICE: £224,995We 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
This mixed-use property, located on Kingston Road in Portsmouth, is being sold by public auction with a guide price of £224,995. The ground floor retail unit is currently let to Matt Fisheries at £550 per month on a new three-year lease, while the upper three floors, comprising six rooms, a kitchen, and a bathroom, are vacant and offer significant potential for redevelopment. The property has a late-Victorian design, with brick elevations and a pitched roof, and features a glazed shop front and private door to the living accommodation. The upper floors have been previously occupied informally as shared rooms, and planning consent was granted in 2008 for conversion into a one-bedroom flat and a two-bedroom maisonette. The property offers a lucrative investment opportunity, with a commercial EPC rating of 'C' and a residential EPC rating of 'D'. Viewings can be arranged by appointment with the agents, Nesbit & Co.