Auction House London

Lot 34

Commercial Development - Commercial Property 

194-196 Fratton Road

Fratton, Portsmouth, Hampshire, PO1 5HD

Sold for £405,000

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

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 194-196 Fratton Road, Fratton, Portsmouth, Hampshire, PO1 5HD

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