This substantial property is located on the junction of Kingston Road, Kingston Crescent and London Road, one of the main thoroughfare's through the city of Portsmouth. Many local and national retailers are located close by, with the property occupying a favourable position with excellent visibility on the road junction that connects the main road networks to the rest of the city, the M275 and International Ferry Port.
The property comprises of two ground floor retail units that have historically merged to form one, occupied most recently by Victory Trophies, who have now relocated to a large unit close by. The ground floor retail units both have main customer trading area's, with additional storage rooms to the rear and staff W.C's as well as a basement under 244 Kingston Road. These could be split to provide two smaller units. There are two flats over the shops, currently let to tenants on Assured Shorthold Tenancy Agreements with two and three bedroom accommodation.
The property is ideally suited to continued use as a mixed-use commercial and residential investment. Alternatively the ground floor may be re-developed to form residential accommodation, subject to all necessary consents being obtainable.
Accommodation 244-246 Kingston Road Main customer trading area, four storage rooms, inner hall, kitchen, three W.C's, basement.
Outside Courtyard garden.
EPC Rating C (69). Total Floor Area 178 sq.m.
244A Kingston Road Ground Floor Entrance with stairs to first floor.
First Floor Landing, living room, kitchen, bedroom.
Second Floor Landing, two bedrooms, utility room, bathroom with W.C, additional W.C.
Tenancy Currently let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 995pcm.
EPC Rating C
Council Tax Band B
246A Kingston Road Ground Floor Entrance, stairs to first floor.
First Floor Landing, living room, kitchen, bathroom with W.C.
Second Floor Two bedrooms.
Tenancy Currently let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 675pcm.
EPC Rating C
Council Tax Band A
Local Authority Portsmouth City Council. Tel: 02392 834334. Web: portsmouth.gov.uk.
Auctioneers Note At time of publication the Auctioneers have been unable to inspect the rear garden. These details have been provided by the seller and interested applicants should rely on their own investigations to verify the information provided.
Residential EPC: C
Commercial EPC: C
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
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