Marmion Road, Southsea
£499,995

Fry & Kent are delighted to bring to the market this attractive freehold mixed-use property, comprising a well-established retail unit with a spacious four-bedroom apartment above. Situated within one of the area’s most desirable shopping locations, this handsome period building offers an excellent opportunity for both investors and owner-operators seeking strong income potential and long-term growth. The Commercial Unit: The ground floor retail premises are currently let at £14,000 per annum, with the existing lease running until June 2026. The tenants have indicated a willingness to discuss a lease extension, presenting an incoming purchaser with the potential to secure a longer, stable income stream. The shop enjoys prominent frontage within a thriving parade, benefitting from consistent footfall and an established trading environment. The Residential Apartment: Occupying the upper floors is a beautifully presented four-bedroom apartment, recently renovated to a high standard. Offering generous accommodation across two levels, the flat is ideally suited for the rental market, with an anticipated income of approximately £1,600 per calendar month. The refurbishment ensures minimal immediate maintenance and strong appeal to prospective tenants. The Building: This elegant period property retains much of its original character, contributing to the charm and desirability of the location. Freehold opportunities of this nature are rarely available, particularly in such a well-regarded and consistently popular retail setting. Investment Summary: - Freehold mixed-use building in a prime retail location - Retail unit let at £14,000 p.a. until June 2026 - Tenants have expressed interest in extending their lease - Newly renovated four-bedroom apartment with expected rent of £1,600 pcm - Attractive period façade and strong long-term investment fundamentals This is an excellent opportunity to acquire a well-balanced freehold investment with immediate income and further potential.