Lot 118: PAIR OF SEMI-DETACHED HOUSES FOR INVESTMENT

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.