Summary - 232A KINGSTON ROAD PORTSMOUTH PO2 7LR
1 bed 1 bath Retail Property (out of town)
**Standout Features:**
- Freehold mixed-use property (commercial and residential)
- Ground-floor retail unit let at £550 pcm with 2 years left on the lease
- Vacant possession of upper three floors
- Generous size: 1,454 sq ft total
- Central urban location with excellent mobile and fast broadband services
- Nearby good-rated state primary and secondary schools
**Notable Concerns:**
- High crime rate and area deprivation
- Mortgage lenders may refuse due to short lease duration
- Requires significant renovation for upper residential space
- Cavity walls with no assumed insulation, potentially affecting energy efficiency
Discover a unique investment opportunity in this spacious Victorian mixed-use property located in the vibrant PO2 postcode. Currently featuring a retail space leased at £550 per month, this building offers the chance for immediate income while providing a spacious upper residence that awaits your vision for renovation. The total area of 1,454 square feet means there's ample room to create a comfortable living space or even consider future rental possibilities.
However, buyers should be mindful of the short two-year lease on the commercial portion, which could impact financing options. With a backdrop of very high crime rates and significant area deprivation, the property is situated in a bustling urban cultural mix, one that reflects both challenges and potential for revitalization.
Take advantage of nearby amenities and schools with good Ofsted ratings, presenting a bright side for families looking for proximity to education. If you're an investor looking for a fixer-upper with considerable upside, this property offers both the charm of a Victorian build and the potential for substantial returns—act fast, as opportunities like this do not last long!
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