Victoria Road North, Southsea PO5 1QE
- PROPERTY TYPE
Detached
- BEDROOMS
8
- BATHROOMS
8
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
TO BE SOLD BY PUBLIC AUCTION (at a date to be confirmed)
UNLESS SOLD PREVIOUSLY.
GUIDE PRICE: £550,000-£600,000.
We invite IMMEDIATE CASH OFFERS (on strict Auction terms) for this substantial and well-situated DETACHED HMO INVESTMENT PROPERTY arranged as TWO 4 EN-SUITE BEDROOM APARTMENTS, currently LET and producing £52,320 p.a. gross, equivalent to a yield (at mid-guide) of around 9.1%. Victoria Road North runs between Elm Grove and Fratton Bridge, No. 106 occupying a prominent position on the east side diagonally opposite the junction with Montgomerie Road. This exceptionally convenient location is some one mile only from Southsea Town Centre and The Seafront, placing a wide range of public amenities within comfortable reach. Circa 1900, the property is of double-fronted design with brick elevations and square bay windows under a modern, pitched and tiled roof. It stands behind a shallow forecourt, whilst to the rear is a generous garden with side access. PLANNING, ETC: Consent was granted in 1995 for conversion of the building (former offices) into two self-contained flats. In November 2011 consent was granted for change of use of both units to C3/C4 (HMO). Each is now LET to four student occupants at £2,180 p.c.m. (£52,320 p.a combined) until 30th June 2026. It may be of interest to note that the adjacent property, No. 104, of similar footprint, was granted approval for conversion into 5 one bedroom units last year. Full particulars are given as follows and enquiries for this lucrative investment opportunity are invited:
LOBBY
106b (GROUND FLOOR)
Entrance Hall
Kitchen - 4.27m x 3.58m (14'0" x 11'9")
Room One - 3.1m x 2.84m (10'2" x 9'4")
En-suite Shower & W.C.
Room Two - 3.05m x 2.97m (10'0" x 9'9")
En-suite Shower & W.C.
Room Three - 3.61m x 2.24m (11'10" x 7'4")
En-suite Shower & W.C.
Room 4
Lobby
Shower & W.C. - 2.87m x 2.44m (9'5" x 8'0")
Bedroom - 4.27m x 2.54m (14'0" x 8'4")
106A (FIRST FLOOR)
Half Landing
Main First Floor Landing
Kitchen - 3.61m x 2.62m (11'10" x 8'7")
Box Room - 2.39m x 1.83m (7'10" x 6'0")
Room One - 3.61m x 2.69m (11'10" x 8'10")
En-suite Shower & W.C.
Room Two - 3.76m x 3.76m (12'4" x 12'4")
En-suite Shower & W.C.
Room Three
Lobby
Bedroom - 4.88m x 3.05m (16'0" x 10'0")
Shower & W.C. - 3.81m x 2.36m (12'6" x 7'9")
Room Four - 5.13m x 4.24m (16'10" x 13'11")
En-suite Shower & W.C.
BASEMENT
Hallway
Room One - 2.92m x 2.9m (9'7" x 9'6")
Room Two - 3.76m x 3.3m (12'4" x 10'10")
LOFT ROOM
OUTSIDE
REAR: Width: 41'0 (12.75m) Depth: 17'0 (5.18m) Generous garden with easterly aspect, walled surround, and side pedestrian access.
COUNCIL TAX
EPC
Flat B - 'D'
VIEWING
D. M. NESBIT & CO.
(17954/051377)
ADDITIONAL AUCTION EXPENSES
Brochures
Brochure 1Full Details- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Victoria Road North, Southsea PO5 1QE
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Visit our security centre to find out moreDisclaimer - Property reference S1323785. 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 Nesbits, 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.
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 Nesbits, Southsea on 0238 214 8243.
*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.”
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