Lot 15: PAIR OF SEMI-DETACHED HOUSES FOR INVESTMENT

Available At £280,000 + Fees
52 & 52A Church Road, Portsmouth. PO1 1QE

Currently let at £23,760 per annum

Further information from Clive Emson Auctioneers

01489 564606

Rob Marchant/Mike Marchant

Originally The Ashburton Arms, the public house closed in the 1970’s and was converted into residential use, including the two properties offered for sale here as a single freehold Lot.

Comprising a pair of two/three bedroom houses, both of which are currently let as three bedroom homes under the terms of Assured Shorthold Tenancies to students at Portsmouth University.

The properties are producing a very healthy rental yield and are considered ideal for addition to an income producing property portfolio.

52 Church Road

Ground Floor

Entrance hall, kitchen/living room and bedroom three.

First Floor

Two Bedrooms and bathroom with W.C.

Tenancy

We are advised that terms have been agreed for number 52 to be let under the terms of an Assured Shorthold Tenancy on the same terms, other than a revised start date, as detailed below for 52A.

At the time of publication, the AST has yet to be signed. A copy will be available for inspection in the legal pack in due course.

52A Church Road

Ground Floor

Entrance hall, kitchen/living room and bedroom three.

First Floor

Two bedrooms and bathroom with W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy for a term of 11 months from 1st September 2020 at a rent of £360 per calendar month, per room or £1,080 per calendar month for the whole house.

Outside

The two houses at present share a courtyard style garden to the rear, although this could potentially be split to provide separate gardens if required.

Residential EPC: D

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The map and satellite images are based on postcode information and are available for directions only. They may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.