CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £340,000 - Available

Highland Road, Hampshire

6 bedroom - Terraced
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TO BE SOLD BY PUBLIC AUCTION THURSDAY 30th JULY 2020.GUIDE PRICE: £340,000-£360,000.OF INTEREST TO INVESTORS IN PARTICULAR: the substantial MIXED COMMERCIAL/RESIDENTIAL PREMISES comprising a VACANT LOCK-UP SHOP together with SIX RESIDENTIAL UNITS (four flatlets, two bedsitting rooms) LET AND PRODUCING £34,200 P.A. The whole having a potential yield of some 11.5%.Highland Road runs from Albert Road/Festing Road junction to the main Eastney Road, No. 133 being on the north side, close to the junction with Winter Road, and enjoying an open southerly aspect across Highland Road Cemetery. This position is less than half a mile from Southsea Seafront and places a wide range of public amenities within a radius of some one mile only, including: leisure and recreation facilities, local shops and eateries, main-line station, St Marys Hospital, and various schools. Part of a terrace of broadly similar properties, this late-Victorian four-storey building has a rendered facade incorporating glazed shop front, recessed entrance, and first floor bay window, all under a modern tiled roof. It stands behind a deep, open-plan forecourt, whilst to the rear is a generous garden some 42ft in length. In our client''s hands for many years, and now available to the market due to retirement, the building is presented in generally fair condition but would reward refurbishment in parts.

An HMO Licence is held in respect of the residential portion, the long-standing occupants each holding an Assured Shorthold Tenancy. Income will be enhanced through letting of the lock-up shop, and further scope may exist for the creation of individual apartments, perhaps to include the commercial part, such change being subject to planning consent. With an exceptionally strong annual yield, this opportunity is considered an excellent addition to any investment portfolio. Full particulars are given as follows:

RECESSED PORCH
Part-glazed main door to the Living Accommodation. Part-glazed door to:

SHOP (Vacant)
FRONT: 25'4 x 12'3 (7.72m x 3.73m) Glazed frontage. Steps up to:
REAR: 15'6 x 14'0 (4.72m x 4.27m) Pair of replacement double-glazed windows to rear elevation. Door from stairwell of Living Accommodation.
Overall floor area: approx. 525 sq.ft.

LIVING ACCOMMODATION

ENTRANCE HALL
Fire control panel. Circuit breakers. Stairs to upper and lower floors.

LOWER GROUND FLOOR

UNIT 1
(Rear Flatlet, let at £600 pcm)

Living/Bedroom 13'10 x 15'3
Coved ceiling. Period fireplace. Window to rear elevation. Door to:

Kitchen 10'10 x 7'1
Fitted base cupboards, single drainer stainless steel inset sink unit with mixer tap. 'Corvec' multi-point water heater. Plumbing for washing machine. Gas cooker point. Window to side elevation. Part-glazed door to rear garden. Multi-pane door to:

Shower & W.C.
White suite comprising: shower recess, handbasin, and low flush w.c. Tiled walls and floor. Obscure-glass window.

UNIT 2
(Front Flatlet, let at £600 pcm)

Lobby
Tiled floor.

Shower & W.C.
White suite comprising: shower cubicle, low flush w.c., and semi-inset handbasin with mixer tap.

Living/Bedroom/Kitchen 18'2 x 15'3
Base and wall cupboards, 1£ bowl stainless steel inset sink with mixer tap, electric oven, 4-ring electric hob with extractor canopy. Plumbing for washing machine. Pair of glazed French doors to FORECOURT WELL.

FIRST FLOOR

LANDING

SHOWER & W.C. (Shared)
White suite comprising: shower cubicle, pedestal handbasin, and low flush w.c. 'Corvec' multi-point water heater. UPVC replacement double-glazed window.

KITCHEN (Shared) 11'4 x 8'8
Fitted base and wall cupboards, single drainer stainless steel sink unit with mixer tap. UPVC replacement double-glazed window to rear window.

UNIT 4
(Front Flatlet, let at £550 pcm)

Living/Bedroom/Kitchen 15'6 x 15'0
Coved ceiling with period rose. UPVC replacement double-glazing to bay. Sink unit with water heater. Incorporating:

Shower & W.C.
White suite comprising: shower cubicle, inset handbasin, and low flush w.c.

UNIT 5
(Middle Bedsitting Room, let at £350 pcm)

Bedsitting Room 10'5 x 9'6
UPVC replacement double-glazed window to rear elevation.

TOP (SECOND) FLOOR

LANDING

UNIT 6
(Rear Bedsitting Room, let at £350 pcm)

Bedsitting Room 12'1 x 10'6
UPVC replacement double-glazed window to rear elevation.

UNIT 7
(Front Flatlet, two rooms let at £400 pcm)

Living Room 13'8 x 7'10
UPVC replacement double-glazed window to front elevation.

Bedroom 10'9 x 7'9
UPVC replacement double-glazed window to front elevation.

OUTSIDE
FRONT: Deep, open forecourt now incorporated into the pavement. Forecourt well with wrought-iron surround.
REAR: Depth: 42'0 (12.80m) Width: 16'9 (5.11m) Generous garden with walled and fenced surround, northerly aspect.

COUNCIL TAX
Residential Units - Band 'A' - £1,155.28 P.a. (2020/21)

VIEWING
By appointment with AUCTIONEERS,
D M NESBIT & CO.
(17258/026097)


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Key Contacts

Southsea Office

7 Clarendon Road, Southsea, Portsmouth
Hampshire PO5 2ED

Tel: 023 9286 4321

Robin Evans - Head of Residential Sales
robinevans@nesbits.co.uk

Kim Evans - Senior Negotiator
kimevans@nesbits.co.uk

Hannah Prichard - Sales Negotiator
hannah@nesbits.co.uk

Jackie Evans - Sales Negotiator
jackie@nesbits.co.uk

Alison Weeden - Secretary
alisonw@nesbits.co.uk

RICS

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