Lot 5 Freehold Mixed Use Commercial And Residential InvestmentAuction Date:
11th December 2025
24 Elm Grove, Southsea, Hampshire, PO5 1JG
Currently fully let at £54,060 per annum.
Key Features
This Victorian building offers a commercial investment on the ground floor which is let under the terms of a commercial lease and four self-contained flats which are individually let on Assured Shorthold Tenancy Agreements. Elm Grove is situated in central Southsea in a prominent position for hospitality businesses and only a short distance to Southsea seafront.
The commercial element is currently occupied as a convenience store with a one-bedroom flat to the rear and with its own entrance. The three flats above the shop share a communal entrance and stairwell.
Commercial Unit
Customer trading area, storeroom and W.C.
Tenancy
Let under the terms of a commercial lease at a current rental of £1,125 per calendar month.
EPC Rating
C (61). Total Floor Area 151 sq.m.
Flat 24B
Ground Floor
Tenancy
One-bedroom flat let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £830 per calendar month.
EPC Rating D
Council Tax Band A
Flat 2
First Floor
Tenancy
Studio flat let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £750 per calendar month.
EPC Rating D
Council Tax Band A
Flat 3
First Floor
Tenancy
Studio flat let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £650 per calendar month.
EPC Rating E
Council Tax Band A
Flat 4
Second Floor
Tenancy
Two-bedroom flat let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £1,150 per calendar month.
EPC Rating E
Council Tax Band A
Auctioneers Note 1
Copies of the commercial lease and residential tenancy agreements will be included in the legal pack which will be available to download from the Clive Emson website.
Auctioneers Note 2
At the time of publication the Auctioneers have been unable to inspect Flats 3 internally. These details have been provided by the Joint Auctioneer/Seller and interested applicants should rely on their investigations to verify the information provided.
Further Information
Joe Rocks/Mike Marchant
on 01489 564606
Viewings
- Tue 25th November
13:30 - Thu 27th November
13:30 - Tue 2nd December
13:30 - Thu 4th December
13:30
The viewing times for the lot are listed below, please make sure you book into the viewing either through the website or phoning 0345 8500333, as on occasions viewing times change or may be cancelled.
Book a new viewing or cancel an existing viewing for this property before 5pm the day before.
Service Providers
Click here if you are looking for a solicitor, insurance company, finance company or a property related organisation or firm
Local Information
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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 Buyers Fees
