Castle Road, Southsea

An excellent opportunity to acquire the freehold of this attractive mixed-use property located on the highly sought-after Castle Road in the heart of Southsea. The property comprises a ground floor retail unit together with two self-contained residential flats arranged over the first and second floors. Flats benefit from separate access via a side passage and stairway to personal front doors. All elements of the property are currently let, producing a combined gross annual income of £38,720, making this a strong, income-generating investment with minimal management required. We understand that the property is not elected for VAT.

Accommodation Comprises:
*
Ground Floor: A well-presented retail shop with established tenant in occupation, includes basement.

*
First Floor: One-bedroom self-contained flat, currently let on an Assured Shorthold Tenancy (AST).

*
Second Floor: One-bedroom self-contained flat, also let on an Assured Shorthold Tenancy (AST).


Key Features:
*
Freehold investment property

*
Mixed commercial and residential use

*
Fully let with reliable tenants

*
Gross annual income of £38,720

*
Popular central Southsea location close to shops, cafés, and the seafront


Situated in the vibrant and historic Castle Road area, the property enjoys strong local demand and convenient access to Southsea Common, Palmerston Road, and transport links to Portsmouth city centre and beyond.

An ideal turnkey investment opportunity offering both immediate rental income and long-term capital growth potential.

COUNCIL TAX - BOTH FLATS
Portsmouth City Council TAX BAND A £1,453.95 for the year 2025/2026.