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Fire Damaged Former Shop in Southsea Goes Under the Hammer for £41,000

Published: 24th September 2010 09:27

 A fire-damaged former shop with a maisonette in Southsea has gone under the hammer to a private buyer for £16,000 more than its price guide.

The property, 40 Somers Road, which came freehold, sold for £41,000 through Clive Emson Auctioneers at the firm's latest auction held at Hampshire's Rose Bowl.

A two-bedroom first-floor flat at Frodden Buildings, 240 Fratton Road, Portsmouth, sold for £45,000. The leasehold property is currently let at £5,400 a year.

Meanwhile two empty freehold industrial units on a one-acre site near Portsmouth are back on the market after a bid of £650,000 was not quite enough to make the reserve price. Units 18 and 19, which are 10,850 sq ft (1,008 sq m) each and interlinked, are located on the Castle Trading Estate in Portchester.

A three-storey detached office at 64 Botley Road, Park Gate, near Fareham, is also available with a freehold guide price from £300,000 after no bidders came forward. The vacant property was last occupied by a firm of solicitors.

The lots were among 22 at the Shane Warne Suite at the Rose Bowl's new grandstand, with upwards of 80 people attending. The next auction, at the same venue, takes place from 11am on Thursday, November 4th.

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