Freehold Property for Auction Portsmouth PO1 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS

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Auction date: Wed, 11/12/2024 - 11:00

Guide Price £55,000 - £60,000. This three-storey building sits in a prominent position, with the billboard on the side advertising to thousands of cars that pass by every day. The retail unit on the ground floor is vacant with the two flats on the upper floors sold under the terms of a long lease. The Advertising Screen isLet under the terms of a commercial lease/licence agreement at rental of £6,000 per annum. The auctioneers understand this income is then split equally between the long leaseholder of the upper two floors and the freeholder. Further details will be available in the legal pack.

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