Lot 121: FOUR STOREY FREEHOLD HMO COMPRISING TWO ONE-BEDROOM FLATS AND A FOUR BEDROOM MAISONETTE

Guide Price £340,000 – £360,000 * + Fees
85 Cottage Grove, Southsea, Hampshire. PO5 1EH

Previously fully let at £27,960 per annum

Viewing by arrangement with Clive Emson Auctioneers

01489 564606

Rob Marchant/Mike Marchant

Situated in a popular area for residential letting, this freehold four storey Victorian building has an HMO licence from Portsmouth City Council. The property, previously let on a room by room basis, is arranged as a pair of one bedroom flats on the lower ground and upper ground floor, with a four bedroom maisonette occupying the upper two floors.

The premises has been in use as a letting investment in recent years generating a healthy income, and is considered ideal for continued use in this guise.

Lower Ground Floor Flat

Living room, bedroom, kitchen and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy, from 18th July 2009, at a current rental of £500 per calendar month

Upper Ground Floor Flat

Living room, bedroom, kitchen and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy, from 24th June 2018, at a current rental of £650 per calendar month

Maisonette

First Floor

Landing, living room, kitchen, bathroom, W.C. and bedroom.

Second Floor

Landing and three bedrooms.

Tenancy

Currently vacant. Previously let at £395 per calendar month per room totalling £1,180 per calendar month.

Residential EPC: C

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