Albert Road, Southsea PO4 0JP
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Description
TO BE SOLD BY PUBLIC AUCTION AT A DATE TO BE CONFIRMED.
(UNLESS SOLD PREVIOUSLY).
GUIDE PRICE: £270,000-£290,000.
We invite immediate CASH OFFERS, prior to possible Public Auction, for this well-appointed and lucrative investment opportunity, being a VACANT MIXED COMMERCIAL/RESIDENTIAL PROPERTY arranged as Shop plus rear and upper five bedroom H.M.O.; recently let at a combined rent of £36,300 p.a. - equivalent to a gross yield (at upper guide) of some 11.25%. A prominent trading location with a variety of businesses, Albert Road runs from Victoria Road South to Highland Road, No. 195 being on the north side, a short distance from the junction with Fawcett Road, and one door away from a Tesco Express outlet. This inner-terrace building has a contemporary composite-clad facade incorporating double-glazed shop front, all under a pitched, slate roof with parapet. To the rear is a walled garden. Planning permission was granted in 2011 for Change of Use of the residential part to C3/C4 (house in multiple occupation), these rooms being let until recently to 5 sharers at £475 p.c.m. per person. Similarly, the shop achieved, when let, a rent of £650 p.c.m. This desirable opportunity will have wide appeal, both among investors seeking a healthy return and among private individuals with commercial use in mind, the living accommodation being ideal for owner-occupation or the creation of valuable added income. Full particulars are given as follows and early enquiries are invited:
SHOP
MAIN ROOM - 7.06m x 3.2m (23'2" x 10'6")
KITCHEN - 2.34m x 1.75m (7'8" x 5'9")
W.C. off
LIVING ACCOMMODATION
ENTRANCE HALL - 13m x 0m (42'8" x 0'0")
SHOWER ROOM & W.C. ONE
LIVING/KITCHEN - 7.9m x 2.72m (25'11" x 8'11")
Living Area: fully UPVC and double-glazed end wall overlooking garden. UPVC and double-glazed door to outside. 'Velux' roof window. Tiled floor. Single panel radiator.
FIRST FLOOR
LANDING
SHOWER ROOM & W.C. TWO
BEDROOM ONE - 3.99m x 2.13m (13'1" x 7'0")
BEDROOM TWO - 3.96m x 2.01m (13'0" x 6'7")
BEDROOM THREE - 3.81m x 3.25m (12'6" x 10'8")
BEDROOM FOUR - 3.99m x 1.78m (13'1" x 5'10")
BEDROOM FIVE - 2.74m x 2.62m (9'0" x 8'7")
OUTSIDE
COUNCIL TAX
EPC
Commercial 'B'
VIEWING
D, M. NESBIT & CO.
(17887/051342)
ADDITIONAL AUCTION COSTS
Brochures
Brochure 1- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: D
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Albert Road, Southsea PO4 0JP
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About Nesbits, Southsea
7 Clarendon Road, Southsea, PO5 2ED
Established in 1921 as an independent practice of Estate Agents, Chartered Surveyors & Auctioneers, and at our address in the heart of Southsea Town Centre since 1965, Nesbit & Co are very much a recognised and trusted name in Estate Agency.
We have carved out a strong reputation among our competitors, based upon the highest standards of service, true professionalism, and a tenacious attitude to our clients' interests - qualities which, when combined with deep local knowledge and a level of experience second to none (Robin Evans, our Head of Residential Sales, having been with the firm since 1973), allow us to stand out from the field.
Operating throughout Portsmouth and the immediate surrounds, Nesbit & Co handle the sale of all types of residential property. As well as conventional marketing, we are uniquely placed to offer clients the often desirable option of sale by Public Auction through the city's only Property Auction Saleroom. Probate sales are a speciality. Our associated Antique & Fine Art Division can assist with the valuation and disposal of chattels, ranging from single items to entire house contents.
For all your property needs, choose a name you can rely on - Nesbit & Co.
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Visit our security centre to find out moreDisclaimer - Property reference S1027785. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Nesbits, Southsea. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Nesbits, Southsea on 0238 214 8243.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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