URGENT UPDATE: A freehold ground rent opportunity, including a commercial unit and two residential flats, has just sold at auction for £97,000 in Portchester. This significant sale, conducted by Clive Emson Land and Property Auctioneers, marks a pivotal moment in the local real estate market, generating an impressive rental income of £9,500 per annum.
The auction took place on 3rd Nov 2025, highlighting the growing interest in property investments within the area. Located at 60 West Street, the property encompasses a ground-floor hairdressing salon and two self-contained flats on the first floor, which are already secured under long leases.
According to auction appraiser Joe Rocks, “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.” This sale underscores the robust demand for mixed-use properties that combine commercial and residential opportunities.
The building also benefits from a shared parking area at the rear, providing additional convenience for tenants and customers. The access is via an unmade shared private road directly from West Street, enhancing the property’s appeal.
Real estate enthusiasts and investors are encouraged to monitor similar auctions, as the competitive nature of the market suggests more opportunities may arise soon. The success of this auction may lead to increased interest in the Portchester area, particularly for those looking to invest in diverse property types.
As the housing market continues to evolve, this sale serves as a reminder of the lucrative potential in combining commercial and residential spaces. Stay tuned for further updates and developments in the local real estate landscape!
