Sorry, but this property is no longer available or has been taken off the market.
Est. Mortgage £2,433 per month
Sorry, but this property is no longer available or has been taken off the market
A truly exceptional and unique opportunity to acquire an extensively refurbished townhouse with the benefit of an income producing commercial retail premises on the ground floor, which is let to a jewellery company. The Russells building was re-developed in recent years and completed to a high standard with
an excellent eye for detail. The whole building has been very cleverly designed with various options for a future owner to alter some of the internal non-load bearing walls should a change of layout be required. There are impressive features such as a large lantern roof light; a bespoke kitchen, hand built in South Africa with epoxy mahogany worktops; a stunning low maintenance walled garden and a 5 metre long balcony overlooking the Royal Solent Yacht Club with The Solent to the side – perfect for watching the starts and finishes to the busy yacht/dingy racing calendar. The custom designed kitchen has an excellent range of under-counter appliances, gas stove and electric hob, fridge/freezer, with powerful extractor to open air; plumbed for washing machine and dryer installation.
As a large building, the residential part has been traded as a successful and well proven holiday let which a new owner could take on, live in permanently or indeed keep as a perfectly designed low maintenance 'lock-up and leave'. A purchaser might have the option to purchase the commercial parts within their (SIPP) Pension.
Set over three levels, the residential element is large and offers high quality accommodation with four double bedrooms (one with en-suite facilities), a large sitting room/diner/kitchen, ground floor laundry room (convertible to
a WC if required – plumbing is available and there is a extractor fan installed), family bathroom on the first floor and a stunning en-suite off the master bedroom with two sinks. Fire doors have been fitted throughout and there are plenty of windows to provide ample natural light. The property has cleverly designed and positioned wardrobes/cupboards/storage in various places across the whole property. The sitting room benefits from a fireplace with ornamental gas stove and a large bay window.
There are dimmer-controlled downlighters in lounge, dining, kitchen and family room ceilings, luxury wall-to-wall carpet with thick underfelt in the bedroom areas and auto-closing fire doors throughout. Double-glazed sash windows have been fitted with high quality brass door and window fittings. There are TV and phone connection points in the principle rooms on each floor and to the rear of the property, copper gutters and downpipes have been used.
RETAIL UNIT There are two large windows, two rooms, one with a store room and a WC to the rear. The lease agreement started on 1st February 2019 on a two-year term with a rent passing of 400 per calendar month on an FRI (Full Repairing Lease). [Note; the property is designed such that the shop area can be simply incorporated back into the house to optionally create a very large, living area, subject to obtaining any necessary consents, if required.]
OUTSIDE The property enjoys an excellent position at the eastern end of the High Street commercial section. The shop has its own access directly from the High Street. The house is approached through a side gate that leads to the front door and garden beyond. There is an integral bin storage room and separate service cupboard. The garden is stunning and well designed as a low maintenance offering with no lawn. There is a good selection of mature shrubs with a wonderful south facing terrace at the rear with a path leading to it.
SERVICES All mains services are connected to the property. Computer controls for hot water and radiator heating. Individually temperature-controllable radiators in every room, all under central thermostat regulation. Smoke detectors on each floor with central alarm.
EPC RATING C.
VIEWINGS Strictly by appointment with the agent, Spence Willard.
IMPORTANT NOTICE 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Spence Willard in the particulars or by word of mouth or in writing ("information") as being factually accurate about the property, its condition or its value. Neither Spence Willard nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice.
Property first listed: Over a month ago
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 1.9% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.