Freehold ground rent at commercial unit and two flats sells at auction

Generating a rental income of £9,500 per annum, a freehold opportunity has been sold at auction.

Located at West Street, Portchester, a freehold ground rent with a leasehold commercial unit at has fetched £97,000 at last month’s auction with Clive Emson Land and Property Auctioneers.

Commercial unit at 60 West Street, Portchester, Fareham.placeholder image
Commercial unit at 60 West Street, Portchester, Fareham. | Clive Emson Auctioneers

Joe Rocks, auction appraiser, previously said: “The ground floor is currently let as a hairdressing salon offering a healthy income and the two self-contained flats on the first floor are sold on long leases.

The joint agents were Wheeler & Lai.

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