Lot 119: MIXED INVESTMENT PROPERTY

Sold £219,000

This mixed investment property enjoys a prominent position in the centre of Cosham along the main shopping high street. The entire building is currently let, with the ground floor trading as a convenience store and the first floor providing separately accessed residential accommodation.

The property has vehicular access to the rear and neighbouring properties have added additional accommodation, utilising this access. It is considered there may be scope to add accommodation to the rear of this building, subject to all necessary consents being obtainable.

Ground Floor

Main retail area and rear store room.

Tenancy

Let under the terms of a 20 year lease, from December 2016, at a current rental of £10,800 per annum.

First Floor

Kitchen/dining room, two bedrooms and bathroom/W.C.

Tenancy

Let on an Assured Shorthold Tenancy, at a current rental of £300 per calendar month.

Local Planning Authority

Portsmouth City Council. Tel: 023 9283 4334. Website: portsmouth.gov.uk.

Residential EPC: D
Commercial EPC: E