Investment for sale in Southsea

AUCTION PROPERTY A substantial residential property arranged as eleven self-contained flats, providing accommodation over four floors. The building is situated just off of Eastern Parade and located close to Southsea seafront and Canoe Lake.

The property is currently fully let and producing a very worthwhile rental income and is considered ideal for addition to an income producing letting portfolio.

Ground Floor
Communal laundry room.

Garden Flat
Entrance hall, living room, kitchen, bedroom, bathroom with W.C., and access to self contained garden.
EPC Rating E
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 950.00 per calendar month.

Flat 8
Studio living room/bedroom/kitchen and bathroom with W.C.
EPC Rating D
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 800.00 per calendar month.

Flat 9
Living room/kitchen, bedroom, shower room with W.C. and access to small courtyard garden.
EPC Rating D
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 800.00 per calendar month.

Flat 10
Ground Floor
Entrance hall, living room, kitchen, bathroom with W.C., utility room/storage area with side access,
Basement
Landing with storage and access to communal boiler, two bedrooms both with en-suite bathrooms.
Outside
Small courtyard garden.
EPC Rating E
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 880.00 per calendar month.

First Floor
Flat 1
Kitchen, living room and bedroom with en-suite bathroom with W.C.
EPC Rating D
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 715.00 per calendar month.

Flat 2
Studio bedroom/living room, kitchen and bathroom with W.C.
Tenancy
Currently let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 770.00 per calendar month.
EPC Rating D
Council Tax Band A

Flat 3
Entrance hall, studio bedroom/living room, kitchen, bathroom with W.C.
EPC Rating D
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 595.00 per calendar month.

Flat 4
Entrance hall, studio bedroom/living room with kitchenette and bathroom with W.C.
EPD Rating D
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 770.00 per calendar month.

Second Floor
Flat 5
Studio living room/bedroom/kitchen and bathroom with W.C.
EPC Rating E
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 715.00 per calendar month.

Flat 6
Studio living room/bedroom/kitchen and bathroom with W.C.
EPC Rating E
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 725.00 per calendar month.

Flat 7
Kitchen, bedroom/living room and bathroom with W.C.
EPC Rating E
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 800.00 per calendar month.

Outside
Communal Garden to front.

Auctioneer's Note
At time of publication the Auctioneers have been unable to internally inspect Flats 3, 5 and 6. These details have been provided by the sellers and interested applicants should rely on their own investigations to verify the information provided.

Residential EPC: E

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/