Retail for sale

LOCATION
Located along Albert road in the heart of Southsea, Portsmouth.

DESCRIPTION
Here at Kings Estates, we are delighted to welcome to the market this freehold property, comprising a three-storey maisonette and a ground-floor commercial unit.

The maisonette benefits from its own private entrance and offers versatile accommodation arranged over three floors. The ground floor comprises a bedroom with an adjoining smaller room containing a wash basin and rear access, along with a separate W/C and basin. There is also a kitchen/workshop with access to the rear courtyard garden, in addition to storage cupboards on this level.

The first floor is split-level and offers a generously sized bathroom, further storage cupboards, and a well-proportioned second bedroom. The living space is open-plan with the kitchen and benefits from a balcony overlooking Albert Road, offering an engaging outlook across one of the area's most vibrant and well-connected streets. On the second floor, you will find the third bedroom along with a useful utility area.

The residential accommodation is in need of modernisation and presents an excellent opportunity for a purchaser to refurbish and add value. Estimated rental income following refurbishment is circa £16,800 per annum.

The ground-floor commercial unit is currently let and operating as a hairdressing salon. The spacious shop benefits from a preparation area and W/C. Market rental expectations for the commercial premises are circa £10,000 per annum.

The combined forecasted income from these fantastic residential and commercial dwellings is circa £26,800 per annum, making this property a highly sought-after opportunity. It offers a versatile mix of residential living space alongside a popular commercial unit, all situated in a high-traffic location.

Overall, this is a fantastic mixed-use investment opportunity offering scope for improvement and strong rental potential, not to be missed.

ACCOMMODATION
Commercial premises on the ground floor with maisonette above.