* Freehold
This is A mixed use property
A great opportunity to acquire a freehold mixed use investment property on
Fawcett Road, Portsmouth with development potential (STPP).
The property consists of a ground floor commercial unit and three 2 bedroom
flats, with one located on the ground floor and the other two on the first
floor.
The ground floor commercial unit is currently being operated as a home goods
store but will be sold with vacant possession and measures approximately 1, 000
sqft.
The three 2 bedroom flats are currently tenanted, one of which is occupied by
the vendor which will be retained on a long lease. The other two flats are
currently both on 6 month rolling contracts with flat 45B producing £600pcm
(£7, 200 per annum) and 45C generating £440pcm (£5, 280 per annum) for a total
of £13, 480 per annum.
The property has not yet been measured and we advise anyone to undertake their
own research.
Offers are encouraged in the region of £350, 000 and viewings are by
appointment only.

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