Land for sale

Landport Terrace, Portsmouth, Hampshire, PO1 2RG

Guide Price* £299,950

Property Description

Key features

  • Three storey, four floor property
  • 5 double bedroom HMO
  • 4/5 rooms currently let
  • Current annual income of 21,120
  • Parking spaces to the rear
  • Freehold title
  • Excellent area for students

Full description

Tenure: Freehold

FOR SALE BY ONLINE AUCTION: terms and conditions apply.

We are pleased to offer to auction this substantial Grade II Listed licensed HMO property, excellently located along Landport Terrace, Portsmouth, close to the University and local amenities. The subject property is a four floor terraced building comprising of 5 bedrooms, living room and kitchen. The property benefits from gas central heating throughout, and allocated parking to the rear. Currently, 4 out of 5 rooms are tenanted (with a tenant lined up for September 2020 for the final room), generating an annual income of £21,120. When fully let, the property can achieve £26,400pa.

Please note we have not inspected this property.


Location 
The property is located along Landport Terrace, Portsmouth. The property is well located close to the University and local amenities, and is a 4 minute drive away from Gunwarf Quays. The area benefits from good local transport links, with the closest bus stop being a short walk away, and Portsmouth Harbour train station ia 10 minutes walk away. The property is 76 miles south of London and 20 miles east of Southampton.

Accommodation 
GROUND FLOOR Bedroom 1: 4.34m x 2.95m Lounge/TV room Utility room Shower room 2x W.C.s BASEMENT Living room: 4.17m x 3.38m Kitchen: 3.81m x 3.38m FIRST FLOOR Bedroom 2: 4.37m x 4.29m Bedroom 3: 4.34m x 3.51m SECOND FLOOR Bedroom 4: 4.37m x 4.29m Bedroom 5: 4.37m x 3.07m

Lease Details 
The rooms are let on AST agreements at the following rents: Room 1: 440pcm Room 2: 440pcm Room 3: 440pcm Room 4: currently vacant Room 5: 440pcm This totals a current annual income of 21,120. We are advised that room 4 is currently vacant, however has a tenant to move in in September 2020 with a joint AST for room 5. When fully let, the property can achieve 26,400pa. Full tenancy agreement details will be available in the legal pack.

Tenure 
Freehold. Title number PM17090.

Council Tax 
The property is of council tax band E.

EPC 
Available upon request (rating D).

Additional Information 
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Portsmouth & Southsea (0.5 mi)
  • Portsmouth Harbour (0.6 mi)
  • Fratton (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Portsmouth & Southsea (0.5 mi)
  • Portsmouth Harbour (0.6 mi)
  • Fratton (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 355193. 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 Pattinson Estate Agents, Commercial. 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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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 737 1154.


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