Victoria Road North, Southsea PO5 1QE
TO BE SOLD BY PUBLIC AUCTION (at a date to be confirmed)
UNLESS SOLD PREVIOUSLY.
GUIDE PRICE: £550,000-£600,000.
We invite IMMEDIATE CASH OFFERS (on strict Auction terms) for this substantial and well-situated DETACHED HMO INVESTMENT PROPERTY arranged as TWO 4 EN-SUITE BEDROOM APARTMENTS, currently LET and producing £52,320 p.a. gross, equivalent to a yield (at mid-guide) of around 9.1%.
Property Type
Parking
Floor Area
Tenure Type
Council Tax Band
TO BE SOLD BY PUBLIC AUCTION (at a date to be confirmed)
UNLESS SOLD PREVIOUSLY.
GUIDE PRICE: £550,000-£600,000.
We invite IMMEDIATE CASH OFFERS (on strict Auction terms) for this substantial and well-situated DETACHED HMO INVESTMENT PROPERTY arranged as TWO 4 EN-SUITE BEDROOM APARTMENTS, currently LET and producing £52,320 p.a. gross, equivalent to a yield (at mid-guide) of around 9.1%. Victoria Road North runs between Elm Grove and Fratton Bridge, No. 106 occupying a prominent position on the east side diagonally opposite the junction with Montgomerie Road. This exceptionally convenient location is some one mile only from Southsea Town Centre and The Seafront, placing a wide range of public amenities within comfortable reach. Circa 1900, the property is of double-fronted design with brick elevations and square bay windows under a modern, pitched and tiled roof. It stands behind a shallow forecourt, whilst to the rear is a generous garden with side access. PLANNING, ETC: Consent was granted in 1995 for conversion of the building (former offices) into two self-contained flats. In November 2011 consent was granted for change of use of both units to C3/C4 (HMO). Each is now LET to four student occupants at £2,180 p.c.m. (£52,320 p.a combined) until 30th June 2026. It may be of interest to note that the adjacent property, No. 104, of similar footprint, was granted approval for conversion into 5 one bedroom units last year. Full particulars are given as follows and enquiries for this lucrative investment opportunity are invited:
LOBBY
106b (GROUND FLOOR)
Entrance Hall
Kitchen - 4.27m x 3.58m (14'0" x 11'9")
Room One - 3.1m x 2.84m (10'2" x 9'4")
En-suite Shower & W.C.
Room Two - 3.05m x 2.97m (10'0" x 9'9")
En-suite Shower & W.C.
Room Three - 3.61m x 2.24m (11'10" x 7'4")
En-suite Shower & W.C.
Room 4
Lobby
Shower & W.C. - 2.87m x 2.44m (9'5" x 8'0")
Bedroom - 4.27m x 2.54m (14'0" x 8'4")
106A (FIRST FLOOR)
Half Landing
Main First Floor Landing
Kitchen - 3.61m x 2.62m (11'10" x 8'7")
Box Room - 2.39m x 1.83m (7'10" x 6'0")
Room One - 3.61m x 2.69m (11'10" x 8'10")
En-suite Shower & W.C.
Room Two - 3.76m x 3.76m (12'4" x 12'4")
En-suite Shower & W.C.
Room Three
Lobby
Bedroom - 4.88m x 3.05m (16'0" x 10'0")
Shower & W.C. - 3.81m x 2.36m (12'6" x 7'9")
Room Four - 5.13m x 4.24m (16'10" x 13'11")
En-suite Shower & W.C.
BASEMENT
Hallway
Room One - 2.92m x 2.9m (9'7" x 9'6")
Room Two - 3.76m x 3.3m (12'4" x 10'10")
LOFT ROOM
OUTSIDE
REAR: Width: 41'0 (12.75m) Depth: 17'0 (5.18m) Generous garden with easterly aspect, walled surround, and side pedestrian access.
COUNCIL TAX
EPC
Flat B - 'D'
VIEWING
D. M. NESBIT & CO.
(17954/051377)
ADDITIONAL AUCTION EXPENSES
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