This freehold property, situated on Albert Road in the bustling Southsea area of Portsmouth, presents a unique investment opportunity. Comprising a three-storey maisonette complete with a private entrance and a separate ground-floor commercial unit, this property offers significant renovation potential. The maisonette layout includes a ground-floor bedroom with an adjoining smaller room featuring a wash basin and rear access, plus a convenient W/C. A kitchen/workshop area leads to the rear courtyard garden, with additional storage solutions available at this level.
The first floor features a split-level design that accommodates a spacious bathroom, further storage, and a nicely sized second bedroom. An open-plan living area connects to the kitchen, complemented by a balcony that provides views over the vibrant Albert Road – perfect for enjoying the lively atmosphere of this well-connected street. The top floor comprises the third bedroom along with a utility area.
It is important to note that the residential portion requires modernisation, presenting an excellent opportunity to enhance its value considerably; post-renovation rental estimates suggest around £16,800 per year could be achievable. Meanwhile, the ground-floor commercial unit is currently leased out as a hairdressing salon, offering market rental expectations of approximately £10,000 annually.
With combined projected revenues from residential and commercial spaces reaching around £26,800 per annum, this mixed-use property stands out as an attractive investment in an area known for its high foot traffic and connectivity.
