Francis Avenue, Southsea PO4 0AJ

OFFERS INVITED PRIOR AUCTION (date to be confirmed).
GUIDE PRICE: £240,000-£260,000.
Of interest to investors and others - we invite IMMEDIATE CASH OFFERS (on strict Auction terms) for this well-situated and very keenly guided THREE BEDROOM VACANT EX-RENTAL PROPERTY with gas central heating, replacement double-glazing, and westerly garden; having a projected return of around £1,500 p.c.m. (equivalent to a gross annual yield of 7.25% approx). Francis Avenue runs from Albert Road to Goldsmith Avenue, No. 213 being on the west side, a short distance from the junction with Manners Road, and directly opposite Fernhurst Junior School. The convenient and popular residential address places a wide range of public amenities within a radius of some one mile only, including: Southsea Town Centre and Seafront, main-line station, local shops and eateries, recreation facilities, and University Campus. Built in 1897, this inner-terrace character house has brick elevations under a modern, tiled roof, the facade incorporating recessed porch and single bay window. It stands behind a shallow forecourt, whilst to the rear is a 35ft garden enjoying a westerly aspect. The property is presented in reasonable condition but would now reward an element of refurbishment. It was acquired by our Clients as an HMO. In 2021 (appearing on Portsmouth City Council's HMO database as at April 2017), but has not been let since, any previous licencing having lapsed. It is being sold now "as is", with interested parties being advised to make their own enquiries in respect of any future letting (possible shared occupancy requiring C4 planning consent, which is NOT in place at present). Full particulars of this potentially lucrative opportunity are given as follows:

RECESSED PORCH

'L'-SHAPED ENTRANCE HALL

SIDE PORCH

CLOAKROOM & W.C. OFF

LIVING ROOM - 4.7m x 3.4m (15'5" x 11'2")

CENTRAL KITCHEN - 3.61m x 3m (11'10" x 9'10")

DINING ROOM - 4.7m x 3m (15'5" x 9'10")

FIRST FLOOR

LANDING

SHOWER ROOM & W.C.

BEDROOM ONE - 4.29m x 3.91m (14'1" x 12'10")

BEDROOM TWO - 3.91m x 3m (12'10" x 9'10")

BEDROOM THREE - 3.71m x 2.11m (12'2" x 6'11")

OUTSIDE

COUNCIL TAX

EPC

VIEWING

AUCTION PROCESS

ADDITIONAL AUCTION COSTS