Lot 114: FREEHOLD LETTING INVESTMENT

Guide Price £260,000 – £280,000 * + Fees
302 London Road, North End, Portsmouth, Hampshire. PO2 9JN

Currently let at £18,540 per annum Plus two vacant units

Viewing by arrangement with Clive Emson Auctioneers

01489 564606

Rob Marchant/Mike Marchant

This imposing mid-terrace building started life as a large family home but in recent years it has been sub-divided and used as an income-producing letting investment. Although arranged as six letting units, only four are at present occupied.

Ground Floor

Entrance hall, communal shower room and communal cloakroom with W.C.

Room 1 – Front

Open-plan bedroom / living room/kitchen.

Tenancy

Holding over under the terms of an Assured Shorthold Tenancy Agreement from 4th June 2012 at a current rental of £275 per calendar month.

Room 2 – Middle

Living room / kitchen, bedroom and shower room, with access to the rear.

Tenancy

Currently vacant.

Room 4 – Rear

Living room / kitchen and bedroom, with access to the rear garden.

Tenancy

Holding over under the terms of an Assured Shorthold Tenancy Agreement from 31st March 2017 at a current rental of £495 per calendar month.

First Floor

Landing.

Room 5 – Rear

Open-plan bedroom/living room/kitchen, shower room (no W.C.) and separate cloakroom with W.C.

Tenancy

Currently vacant.

Room 7 – Middle

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

Tenancy

Holding over under the terms of an Assured Shorthold Tenancy Agreement from 11th April 2019 at a current rental of £450 per calendar month.

Room 8 – Front

Open plan bedroom/living room/kitchen.

Tenancy

Holding over under the terms of an Assured Shorthold Tenancy Agreement from 10th March 2019 at a current rental of £325 per calendar month.

Outside

Gardens to the rear.

Freehold with Part Vacant Possession

Residential EPC: D

Map

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