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Albert Road, Southsea

Offers Over
£270,000

Business rates & charges may apply

Kings Estates Commercial, National
SIZE

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SECTOR

High street retail property for sale

Description

LOCATION
Located along Albert road in the heart of Southsea, Portsmouth.

DESCRIPTION
Here at Kings Estates, we are delighted to welcome to the market this freehold property, comprising a three-storey maisonette and a ground-floor commercial unit.

The maisonette benefits from its own private entrance and offers versatile accommodation arranged over three floors. The ground floor comprises a bedroom with an adjoining smaller room containing a wash basin and rear access, along with a separate W/C and basin. There is also a kitchen/workshop with access to the rear courtyard garden, in addition to storage cupboards on this level.

The first floor is split-level and offers a generously sized bathroom, further storage cupboards, and a well-proportioned second bedroom. The living space is open-plan with the kitchen and benefits from a balcony overlooking Albert Road, offering an engaging outlook across one of the area's most vibrant and well-connected streets. On the second floor, you will find the third bedroom along with a useful utility area.

The residential accommodation is in need of modernisation and presents an excellent opportunity for a purchaser to refurbish and add value. Estimated rental income following refurbishment is circa £16,800 per annum.

The ground-floor commercial unit is currently let and operating as a hairdressing salon. The spacious shop benefits from a preparation area and W/C. Market rental expectations for the commercial premises are circa £10,000 per annum.

The combined forecasted income from these fantastic residential and commercial dwellings is circa £26,800 per annum, making this property a highly sought-after opportunity. It offers a versatile mix of residential living space alongside a popular commercial unit, all situated in a high-traffic location.

Overall, this is a fantastic mixed-use investment opportunity offering scope for improvement and strong rental potential, not to be missed.

ACCOMMODATION
Commercial premises on the ground floor with maisonette above.

Albert Road, Southsea

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Fratton Station0.7 miles
  • Portsmouth & Southsea Station0.8 miles
  • Portsmouth Harbour Station1.3 miles

About Kings Estates Commercial, National

Murrills House 48 East Street, Portchester, Fareham, PO16 9XS

"Kings Estates Commercial is a modern, enterprising estate agency with offices in Southampton, Portsmouth and Guildford offering Commercial Estate Agency services and marketing to a range of clients throughout the country.

Our clientele ranges from major investors to local businesses looking to let or sell commercial premises.

As an independent estate agency, we can offer a tailor made and personable service for all our clients, keeping their interests as our interests.

For tenants, we work hard to match their needs and desires to the properties they need, taking the time to listen to what they want from the perfect property and sourcing what they need rather than marketing to them something they don't want.

Whether you are looking to market with us or are looking for the dream site for your business, please get in touch."

Notes

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Disclaimer - Property reference 103592001307. 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 Kings Estates Commercial, National. 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.

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