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Block of Apartments for sale

Copnor Road, Portsmouth

£240,000

Property Description

Key features

  • FREEHOLD BLOCK
  • TWO BED FLAT
  • RETAIL UNIT
  • COMBINED INCOME OF 16,800
  • 7% YIELD
  • PROMINENT LOCATION
  • COPNOR ROAD
  • INVESTMENT OPPORTUNITY
  • A MUST VIEW
  • CALL TODAY

Full description

*** FREEHOLD BLOCK - RETAIL UNIT + TWO BED FLAT - £16,800 PER ANNUM INCOME ***

Bernards are pleased to bring to this market this Freehold block in a long established shop in a prominent location on a very busy road within a vast residential area.

This block is located on Copnor Road and is comprised of a large retail unit on the ground floor and a two bedroom flat on the first floor.

The shop unit rents for £750pcm and offers a very substantial floor area, several store rooms, 2 kitchens areas and toilet facilities.

The two bedroom flat is currently let out for £650pcm. The apartment offers 2 double bedrooms, 14'10" lounge diner and courtyard rear garden. It is currently let out but this could also be used as live in accommodation for the business facility below.

Shop and flat combined the income equates to £1400 per calendar month, £16,800 per annum. This provides a yield of 7% based on the current asking price.

Call Bernards today to book a viewing on this property.

Shop Floor - 8.9 x 5.5 (29'2" x 18'0") - Large floor space with access to storage and w/c. There is plumbing for kitchen sides in the main space and also at the rear.

Kitchen - 4.2 x 3.4 (13'9" x 11'1") - Large kitchen area with access to garden and other storage area.

Storage - Lots of storage space in the unit and also outside in the garden.

Flat Lounge - 4.5 x 4.2 (14'9" x 13'9") -

Flat Kitchen - 3.3 x 3.3 (10'9" x 10'9") -

Flat Bathroom -

Flat Bedroom One - 4.1 x 4.1 (13'5" x 13'5") -

Flat Bedroom Two - 3.0 x 2.7 (9'10" x 8'10") -

Garden - The garden has rear access and some storage.

Solicitor - Choosing the right conveyancing solicitor is extremely important to ensure that you obtain an effective yet cost-efficient solution. The lure of supposedly cheaper on-line "conveyancing warehouse" style services can be very difficult to ignore but this is a route fraught with problems that we strongly urge you to avoid. A local, established and experienced conveyance will safeguard your interests and get the job done in a timely manner. Bernards can recommend several local firms of solicitors who have the necessary local knowledge and will provide a personable service. Please ask a member of our sales team for further details.

Mortgage Adviser - We offer financial services here at Bernards. If you would like to review your current Agreement In Principle or are yet to source a lender, we have a number of experienced Financial Advisors who will be happy to help.

Offer Check Procedure - If you are considering making an offer for this or any other property Bernard's Estate Agents are marketing, please make contact with your local office so we can verify/check your financial/Mortgage situation.


More information from this agent

Listing History

Added on Rightmove:
29 August 2017

Map & Street View

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