• Size:
    1,206 sq ft / 112 sq m
  • Usage:
    C2
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Flats
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

The property is a mid-terrace building with 2 commecial shops on the ground floor with 3 residential flats above and behind.

Shop 103 is currently occupied by a gents hairdressers / barbers, with shop 105 being occupied by a fast food takeaway.

The flats are all accessed from street level via a separate access point. The flats comprise of 1 x bedsit at ground floor level, 1 x one bedroom flat at first floor level comprising a bathroom, living room, bedroom & kitchen and 1 x two bedroom flat over two floors providing 2 bedrooms, a kitchen, living room & bathroom.

Terms
£400,000 for the freehold exclusive of VAT.

The property is to be sold with the benefit of commercial leases in place on the ground floor and ASTs on the residential aspect. Total income for the building is £31,200 per annum, which represents an initial yield of 7.8%.

Tenancy schedule available upon request.

Accommodation
Shop 103 24.18 sq.m 260 sq.ft

Shop 105
Sales area 43.73 sq.m 471 sq.ft
Kitchen / preparation area 13.73 sq.m 148 sq.ft
Basement / store 30.39 sq.m 327 sq.ft
Total 87.85 sq.m 946 sq.ft

Ground floor rear - 103a - bedsit
103b - 2 bedroom flat
103c - 1 bedroom flat

The subject property is situated on the western side of Fratton Road, a short distance from the Bridge Shopping Centre. Fratton Road is one of the main arterial routes into and out of Portsmouth, connecting to the M27 towards the north.

The pricing is unfortunately not available for this property online. Please submit your details using the form below and the agent will contact you to discuss this further.