Summary - 232A KINGSTON ROAD PORTSMOUTH PO2 7LR
5 bed 1 bath Terraced
Auction opportunity for investor or developer with refurbishment skills.
- Freehold mixed-use building, circa 1,454 sq ft over four storeys
A four-storey, late-Victorian mid-terrace with a traditional shopfront and three upper residential levels, offered freehold with vacant upper accommodation. The ground-floor retail unit is let at £550 pcm on a renewed short lease, providing immediate income while the upper floors (six rooms plus kitchen and bathroom) are vacant and require refurbishment. The building totals about 1,454 sq ft and dates from before 1900, with gas central heating, double glazing, and commercial EPC C, residential EPC D.
This is an auction-sale suited to investors or developers who can capitalise on conversion or refurbishment. Planning consent for a 1-bed flat and 2-bed maisonette was granted in 2008 but lapsed; reapplication or new proposals would be needed. There is no private outside space and the plot is fully developed, so value will come from internal reconfiguration, improved letting, or a refreshed retail frontage.
Buyers should weigh clear upside against material drawbacks: the area is very deprived with very high crime levels, and the property shows dated fixtures and general wear. The sale will be by public auction (guide price £224,995) with a buyer’s premium and a legal pack — bidders must review the legal pack and be prepared for an auction timetable. Immediate cash offers are invited prior to auction.
This opportunity suits a hands-on buyer prepared to carry out works or reconfigure units to increase rental value. The property’s town-centre location, fast broadband and excellent mobile signal support multiple occupation or mixed-use rental models, but expect refurbishment costs and the need to address local market challenges before achieving full potential.
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