Kingston Road, North End PO2 7LR

TO BE SOLD BY PUBLIC AUCTION AT A DATE TO BE CONFIRMED
(UNLESS SOLD PREVIOUSLY).
GUIDE PRICE:  £220,000-£230,000.
We invite IMMEDIATE CASH OFFERS, prior to possible Public Auction, from investors and developers for this MIXED COMMERCIAL/RESIDENTIAL BUILDING, the ground floor retail part being LET currently, the upper three floors (six rooms plus kitchen and bathroom) being VACANT and having considerable potential.  Kingston Road runs from Fratton Road to London Road, No. 232 being on the east side a little to the north of Powerscourt Road. This convenient, secondary trading area and residential address is close to a wide range of public amenities. The premises comprise a late-Victorian four-storey building with brick elevations under a pitched roof, the facade incorporating splay bay window, glazed shop front, and private door to the living accommodation. Trading as Matt Fisheries, the retail unit is LET at £550 p.c.m.  on a new 3 year lease. The upper living accommodation is available with the benefit of VACANT POSSESSION, having been previously occupied (informally) as shared rooms. Planning consent (not implemented, and since lapsed) was granted in 2008 for conversion of this part to form a 1 Bedroom Flat plus a 2 Bedroom Maisonette. Offering much scope to create a lucrative investment return, full particulars of this opportunity are given as follows:

SHOP

RETAIL AREA - 6.1m x 3.68m (20'0" x 12'1")

PREPARATION ROOM - 3.56m x 2.97m (11'8" x 9'9")

REAR STORE 1 - 5.77m x 1.42m (18'11" x 4'8")

REAR STORE 2 - 6.1m x 3.05m (20'0" x 10'0")

LIVING ACCOMMODATION

Hallway

First Floor

Room One - 4.98m x 4.32m (16'4" x 14'2")

Kitchen - 3.86m x 2.54m (12'8" x 8'4")

Bathroom & W.C. - 2.39m x 1.8m (7'10" x 5'11")

Second Floor

Landing

Room Two - 4.52m x 3.12m (14'10" x 10'3")

Room Three - 4.37m x 2.49m (14'4" x 8'2")

Room Four - 3.05m x 2.21m (10'0" x 7'3")

Top (3rd) Floor

Small Landing

Room Five - 4.62m x 2.67m (15'2" x 8'9")

Room Six - 4.65m x 2.79m (15'3" x 9'2")

OUTSIDE

Commercial EPC 'C'

Residential EPC 'D'

RESIDENTIAL COUNCIL TAX

VIEWING

ADDITIONAL AUCTION COSTS