Commercial property to go under the hammer

FIVE property lots in and around Portsmouth are among 154 lots being sold at auction.
Self-contained premises on the ground floor of 133 London Road, North End, Portsmouth are to be sold at auction by Clive EmsonSelf-contained premises on the ground floor of 133 London Road, North End, Portsmouth are to be sold at auction by Clive Emson
Self-contained premises on the ground floor of 133 London Road, North End, Portsmouth are to be sold at auction by Clive Emson

The first being sold by regional land and property auctioneer Clive Emson is Unit 3, the Old School House, Harbour Road, Gosport, which has a freehold guide of £25-30,000.

It is part of the former Clarence Square School, which was built in 1906 and has been used for business in recent years. With a main office/store and cloakroom, the unit extends to 526 sq ft.

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In the same town, a three-storey property at 175 High Street is available freehold with a guide of £90,000. The ground floor was previously let to an estate agency for £10,000 per annum; the maisonette above has been sold on a long lease.

Self-contained premises on the ground floor of 133 London Road, North End, Portsmouth, let at £8,000 per annum to a legal firm on a five-year commercial lease, are guided at £75-85,000.

Freehold ground rents on four flats at 133 London Road, Strawberry Mews and 4a Gladys Avenue, currently let at £150 per annum, are guided at £2-4,000.

A two-bedroom flat in need of refurbishment on the ground floor of 66a Campbell Road, Southsea is guided leasehold at £80,000-plus.

Clive Emson’s fifth auction of the year takes place at 11am at the Ageas Bowl on Friday, July 29.