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The Thicket, Southsea

£1,000,000
Fry & Kent, Southsea
PROPERTY TYPE

Plot

SIZE

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Key features

  • Potential For Site Redevelopment
  • Purpose Built Block of Three Apartments
  • Apartments Let on Assured Shorthold Tenancies
  • Popular With Tenants Minimal Void Periods
  • Off Road Parking and Individual Garages
  • Popular Central Southsea Location
  • Planning For Three New Build Townhouses
  • Full Plans & Details Available on Request

Description

We are pleased to present a unique opportunity to acquire this Central Southsea apartment building which can continue to be enjoyed as a rental investment or utilise the current planning on the site for Three Modern Townhouses with Off Road Parking. The plans for the approved Townhouses include Three Bedrooms two of which are en-suite, a bike store, roof terrace and courtyard garden to the rear which we believe would prove popular to the Sales market. Having been in the same ownership for many years the block has been well maintained and each apartment has the benefit of Off Road Parking plus garaging to the rear. They have presented a popular rental with minimal voids in tenancy during the current owners Management and being a purpose built block presents a better maintenance proposal than many period conversions. The flats are currently let on Assured shorthold tenancies producing a gross annual income of £37,644.00 and at the time of writing the block is fully occupied. We have more details for the planning permission that has been granted available on request and also available from Portsmouth City Council's Website Planning Portal.

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The Thicket, Southsea

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Portsmouth & Southsea Station0.7 miles
  • Fratton Station0.7 miles
  • Portsmouth Harbour Station1.1 miles

About Fry & Kent, Southsea

7/9 Stanley Street, Southsea, PO5 2DS
Industry affiliations:Industry affiliation logo 0

SOUTHSEA & OLD PORTSMOUTH

Our Company has been at the centre of the Portsmouth & Southsea property market for over 40 years and during that time has established a reputation for professionalism, integrity and levels of service which set us apart from the competition.

Our four Branch Network of offices covers the whole of Portsea Island and a 10 mile radius outside of the City ,our Southsea Head Office covers , Southsea, Old Portsmouth & Gunwharf Quays.

If you wish to live in or around our area you will find that we can offer an extremely wide, varied & appealing selection of quality properties to suit all budgets from which we are confident you will find something to interest you.

If you already reside locally and are considering a move you will no doubt be aware of our name and in these changing and uncertain times it is good to know that there are some things which you can still rely upon. That said, whilst we aim to maintain the traditional core values for which we are known, we also strive to integrate the latest technology and systems where it benefits both our business and our clients interests.

Buying , Selling, Renting or Letting a property has become a much more complex and involved journey but we are here to help you steer the right course, to overcome any obstacles and ultimately to reach your destination!

Notes

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Disclaimer - Property reference 12479985. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fry & Kent, Southsea. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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