Former Victory Trophies site offers residential and commercial investment opportunity as it goes up for auction
A vacant retail unit, which was previously occupied by Victory Trophies, is being sold at auction next month.
Located in Kingston Road, Portsmouth, this empty shop offers up a combination of commercial and residential space, making it an ideal investment opportunity.
Currently let at £20,040 per annum, this lot has a guide price of £225,000 and £240,000, and is being sold with Clive Emson Land and Property Auctioneers.
Joe Rocks, auction appraiser, said: “The property comprises of two ground floor retail units that have historically merged to form one, occupied most recently by Victory Trophies, which has relocated to a large unit close by.
“The ground floor retail units both have main customer trading areas, with additional storage rooms to the rear and staff WCs, as well as a basement under 244 Kingston Road. These could be split to provide two smaller units.
“There are two flats over the shops, currently let to tenants on Assured Shorthold Tenancy agreements with two and three-bedroom accommodation.”