Lot 118

PAIR OF SEMI-DETACHED HOUSES FOR INVESTMENT

52 & 52A Church Road, Portsmouth, PO1 1QE
Sold Prior

Currently let at £21,600 per annum plus an empty room

Originally The Ashburton Arms, the public house closed in the 1970s 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, five of the six letting rooms across the two properties are currently let 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, each with hand wash basins, bathroom with W.C and separate W.C.

Tenancy

Two of the three available rooms have been let under the terms of Assured Shorthold Tenancy Agreements for a term of 10 and a half months from 14th September 2020 (ending 31st July 2021) at a rental of £360 per room, per calendar month.

52A Church Road

Ground Floor

Entrance hall, kitchen/living room and bedroom three.

First Floor

Two bedrooms, each with hand wash basins, bathroom with W.C and separate 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.

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 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 cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

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 cliveemson.co.uk/buyers-fees/