Kingston Road, Portsmouth, City Of Portsmouth

SUMMARY

A freehold residential investment comprising 2x two-bedroom flats and a 1x three-bedroom HMO. The property has been subject to comprehensive refurbishment, and we anticipate there is strong reversionary potential with an uplift around 20% on the total passing rent.

LOCATION

The property occupies a well-connected position on Kingston Road, within the established Kingston district on the north side of Portsea Island, midway between the North End shopping area and Fratton.

Day-to-day needs are exceptionally well catered for. The North End shopping district lies a short walk north along Kingston Road and London Road, offering an extensive parade of independent retailers, supermarkets, cafés, banking and takeaways. Portsmouth city centre, with the Cascades Shopping Centre and the Commercial Road precinct, is under a mile to the south, while Ocean Retail Park provides larger-format stores a short drive away.

Commuters are well served. Fratton and Portsmouth & Southsea mainline stations are each approximately 0.9 miles distant, with direct services to London Waterloo, Southampton, Brighton and Cardiff. Kingston Road is itself a principal bus corridor with frequent services across the city, and the M275 gives swift access to the M27 and the A3(M) towards Petersfield and London.

There is a strong choice of schooling within walking distance. Manor Infant and Nursery School lies within 0.1 miles, with The Flying Bull Academy, Madani Academy and The Portsmouth Academy all within around 0.3 miles. St Edmund's Catholic School, rated Outstanding by Ofsted, is approximately 0.8 miles away. The University of Portsmouth's city centre campus is close at hand, a point of note for investor purchasers.

For leisure, Kingston Recreation Ground provides open green space and play facilities nearby. Portsmouth's waterfront attractions are all within easy reach, including Gunwharf Quays, the Historic Dockyard, and the beaches, common and promenade at Southsea. Fratton Park is a short walk away, and Queen Alexandra Hospital at Cosham serves the wider area.


DESCRIPTION

The Property comprises a prominent end-of-terrace, three-storey corner building at the junction of Kingston Road and Arthur Street. It is of brick construction, with smooth rendered elevations to the ground and first floors and facing brickwork to the upper parts, and benefits from uPVC double glazing throughout following a comprehensive refurbishment.

Internally, the accommodation provides 2,077 sq ft (193 sq m) of net saleable area arranged as three self-contained flats, each accessed independently at street level, with the top floor flat (63B) operating as a licensed three-bedroom HMO. The flats are presented in very good condition throughout, and there is potential to convert the ground and first floor flats into HMOs, subject to obtaining the necessary planning consent and licences. The accommodation comprises:

Unit Floor Accommodation Sq M Sq Ft
63 Ground Two-bedroom flat (convertible to HMO) 65.0 700
63A First Two-bedroom flat (convertible to HMO) 65.0 700
63B Top Three-bedroom / three-bathroom licensed HMO 63.0 678
Total 193.0 2,077

TERMS

• Freehold opportunity

• Guiding offers in the region of £650,000.