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| 95 PALMYRA ROAD, ELSON, GOSPORT, HAMPSHIRE, PO12 4EE |
Guide: £170,000 - £180,000 |
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MIXED RESIDENTIAL/COMMERCIAL INVESTMENT WITH PLANNING FOR TWO FURTHER FLATS
Currently Let At: £12,000 Per Annum - Potential Income £24,000 Per Annum
A freehold property situated in the residential district of Elson, a short drive from Gosport Town Centre. The shop unit is at present holding over at the end of an existing tenancy arrangement, with the tenants having indicated their wish to remain.
The two bedroom flat above is also at present let and it is considered that the existing property is ideal for continued investment. In addition, Planning Permission has been granted for a two storey rear extension to provide two further flats.
Ground Floor Shop
Shop unit, kitchen, cloakroom with W.C. and detached rear store (formerly a garage).
Tenancy
Holding over under the terms of a written agreement at a current rental of £500 per calendar month.
First Floor Flat
Entrance hall, living room/kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £500 per calendar month.
Planning
Planning Permission has been granted on Appeal, under reference: 1H/K.16476/1, dated 12th January 2009, for the construction of a two storey rear extension to provide one two-bedroom ground floor flat and one two-bedroom first floor flat, subject to conditions. A copy of the Planning Consent is available for inspection at the Auctioneer's Office. Tel: 0845 6001265.
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