Lot 34
    Commercial Development
    194-196 Fratton Road
    Fratton, Portsmouth, Hampshire, PO1 5HD
    Sold for £405,000
     
    Number 1
    A Vacant Mid Terrace Building Converted to Provide a Ten Room HMO with an Estimated Rental Value of £66,000 per annum.

    Description

    The property comprises a mid terrace building over ground and two upper floors currently arranged as a ten room HMO.

    Tenure

    Freehold

    Location

    The property is situated within a primary shopping parade in the heart of Fratton amongst local shops and amenities. The open spaces of Kingston Park are within easy reach. Transport links are provided by both Fratton and Fratton Goldsmith Avenue rail stations.

    Planning

    Portsmouth City Council granted the following planning permission (Ref: 16/00649/FUL) on 22nd August 2016:
    'Change of use of part ground, first and second floors from a dwelling house (Class C3) to 10 room house in multiple occupation (sui generis) to include construction of single storey rear extension (re-submission of 16/00286/FUL)'.

    Accommodation (2nd Column)

    Rear Ground Floor
    Two Reception Rooms
    Kitchen
    Separate WC & wash basin

    First Floor
    Five Double Rooms
    One Single Room
    Two Separate WC's & wash basins

    Second Floor
    Four Double Rooms
    Bathroom with WC & wash basin
    Separate WC & wash basin

    Note (2nd Column)

    The construction of this property is ongoing and nearing completion. For the avoidance of doubt, this sale does not include the ground floor front retail unit.

    Viewing Details

    Open House Viewings:
    Thursday 30th March 11:30-12:00
    Friday 31st March 11:30-12:00
    Monday 3rd April 11:30-12:00
    Tuesday 4th April 11:30-12:00
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
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    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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