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Palmerston Road, Southsea PO5 3PR

PROPERTY TYPE

Terraced

BEDROOMS

1

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Floorplan 1Floorplan 2
4

Description

OFFERS INVITED PRIOR TO PUBLIC AUCTION.
PRICE GUIDE: £280,000-£295,000.
We invite IMMEDIATE CASH OFFERS (on strict Auction terms) for this EXCELLENT AND LUCRATIVE MIXED COMMERCIAL/RESIDENTIAL INVESTMENT, currently let and producing a combined income of £26,700 p.a. - equivalent (at mid-guide) to a GROSS YIELD  of 9.25%. This late-Victorian, inner-terrace character property has brick and rendered elevations under a flat roof with balustraded parapet, the facade incorporating glazed shop front with square bay window above. Fronting Auckland Road East, within a historic and sought-after Conservation Area (Owen's Southsea) No. 97a stands adjacent to Palmerston Road's primary trading area and moments only from Southsea Seafront, a position which places a wide range of public amenities within comfortable reach. Tenancy details: SHOP (Ground Floor and Basement). Let for a term of 5 years from 28th August 2023 (expiring 27th August 2028) at £15,600. Trading as Mooboo Bubble Tea.
FLAT (First Floor) Let on an Assured Shorthold Tenancy at £925 p.c.m. (£11,100 p.a.); recently extended and now expiring on the 16th April 2026.
Full particulars of this desirable and valuable investment opportunity are given as follows and early enquiry is invited:

SHOP - 4.55m x 4.44m (14'11" x 14'7")

Full-width, UPVC and double-glazed sectioned frontage. Incorporating preparation area. Through to:

REAR STORE - 4.55m x 3.33m (14'11" x 10'11")

Large UPVC replacement double-glazed window to rear elevation. Single drainer sink unit. Stairs to Basement.

BASEMENT

REAR ROOM - 4.42m x 4.24m (14'6" x 13'11")

Ceiling Height: 6'1 (1.85m)  UPVC replacement double-glazed window to rear elevation; adjacent door to rear well leading to underpass.

W.C. off

Low flush suite.

FRONT ROOM - 4.42m x 2.92m (14'6" x 9'7")

Ceiling Height: 6'1 (1.85m)

FIRST FLOOR FLAT

Approached via underpass and UPVC double-glazed private door to:

GROUND FLOOR LOBBY

Stairs to:

FIRST FLOOR

LANDING

Built-in cupboard having plumbing for washing machine. Single panel radiator.

BATHROOM & W.C.

White suite comprising: panelled bath with mixer tap and shower attachment, rectangular handbasin with mixer tap plus cupboard under, and low flush w.c. Two UPVC replacement obscure double-glazed windows to rear elevation. Tiled walls and floor.

BEDROOM - 3.78m x 2.69m (12'5" x 8'10")

UPVC replacement double-glazed window to rear elevation. Double panel radiator. Cupboard housing 'Ideal' gas fired central heating and hot water boiler.

LIVING/KITCHEN - 4.55m x 3.73m (14'11" x 12'3")

Square bay window to front elevation having UPVC replacement sash-style double-glazing. Double panel radiator. 
Kitchen Area: fitted and equipped with base and wall cupboards, work surface having mirrored splashback, single drainer stainless steel sink with mixer tap, electric oven, 4-ring ceramic hob with integrated extractor, mircrowave, and refrigerator.

OUTSIDE

Underpass from pavement to rear of building, with access here to First Floor Flat and Basement.

COUNCIL TAX (FLAT)

Band 'A' - £1,453.95 p.a. (2025-26)

EPC

Commercial: Energy Rating 'C' (Floor Area 73 sq m approx.)
Flat: Energy Rating 'D' (Floor Area 39 sq m approx.)

VIEWING

By appointment with SOLE AGENTS & AUCTIONEERS,
D. M.  NESBIT & CO.
(17974/052378)

ADDITIONAL AUCTION COSTS

A Buyer's Premium of £450 + V.A.T., 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 Solicitors and available for inspection by interested parties. Those intending to bid are advised to make themselves aware of the content of the Legal Pack, containing, as it will, information in respect of any other charges that may apply (Search Fees and/or Seller's legal costs for example).

Brochures

Brochure 1Full Details
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: A
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.
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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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Palmerston Road, Southsea PO5 3PR

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About Nesbits, Southsea

7 Clarendon Road, Southsea, PO5 2ED
Industry affiliations:

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, Nesbits 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, Nesbits 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 - Nesbits

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Disclaimer - Property reference S1291649. 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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