Southsea Terrace, Southsea PO5 3AU
- PROPERTY TYPE
Flat
- BEDROOMS
12
- BATHROOMS
6
- 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 AUCTION METHOD.
GUIDE PRICE: £1,500,000.
We invite IMMEDIATE CASH OFFERS (on Strict Auction Terms*) from developers and investors for this unique opportunity with immense potential: enjoying a PRIME SEAFRONT LOCATION, this post-war, purpose-built residential development comprises SIX LARGE 2 & 3 BEDROOM APARTMENTS PLUS THREE GARAGES AND OPEN PARKING; available now as a Freehold with FULL VACANT POSSESSION. Dating from the mid-1950s, 'Castleton Court' is a six-storey building having brick elevations under a flat roof with large terrace, its facade incorporating three mid-level balconies. To the front is a deep, walled forecourt parking area, with space for three or four vehicles, whilst to the rear is a detached block of three lock-up garages separated from the main building by an inner courtyard which provides further off-street parking. Within a varied and desirable Conservation Area, the building occupies a prominent position directly opposite Southsea Common, a short distance from the junction of Southsea Terrace with Castle Road, some quarter of a mile only from Palmerston Road Shopping Precinct, and with comfortable access to the wide-ranging public amenities of Southsea town centre and historic Old Portsmouth. Previously let, the six units - one per floor - are served by a passenger lift and offer unusually generous accommodation. Presentation ranges from moderate to good, all having double-glazing and heating. Upper floors command wide-ranging views to the south-west encompassing the approaches to Portsmouth Harbour, The Solent, and The Isle of Wight - a delightful and fascinating panorama. With a projected rental return of around £1,500 p.c.m. per unit (£108,000 p.a.), plus income from the garages, the building offers scope for a gross yield of some 7% p.a. As an alternative to continued lucrative letting, it is felt that refurbishment and disposal of individual apartments is an option, with further potential (subject to the necessary consents) for future site development - perhaps of the garage block, also through the addition of a rooftop penthouse. 'Castleton Court' is a truly exceptional and rare opportunity offering huge reward to a buyer. Full particulars are given as follows and early approaches from Auction-ready buyers are invited:
LOBBY
COMMON HALLWAY
FLAT 1 - GROUND FLOOR
Reception Hall - 3.68m x 2.01m (12'1" x 6'7")
Bathroom
Separate W.C.
Kitchen - 3.63m x 2.97m (11'11" x 9'9")
Living Room - 5.11m x 3.81m (16'9" x 12'6")
Bedroom One - 5.03m x 3.94m (16'6" x 12'11")
Bedroom Two - 3.38m x 3.48m (11'1" x 11'5")
FLAT 2 - FIRST FLOOR
FLAT 3 - SECOND FLOOR
FLAT 4 - THIRD FLOOR
FLAT 5 - FOURTH FLOOR
Reception Hall - 5.13m x 2.16m (16'10" x 7'1")
Living Room - 5.08m x 3.96m (16'8" x 13'0")
Bedroom One - 4.14m x 3.78m (13'7" x 12'5")
Bedroom Two - 3.61m x 3.53m (11'10" x 11'7")
Dining Room/Bedroom Three - 3.84m x 3.48m (12'7" x 11'5")
Kitchen - 3.61m x 2.95m (11'10" x 9'8")
Bath/Shower Room & W.C. - 2.62m x 2.44m (8'7" x 8'0")
FLAT 6 - FIFTH FLOOR
Reception Hall - 5.16m x 2.13m (16'11" x 7'0")
Living Room - 5.11m x 3.91m (16'9" x 12'10")
Bedroom One - 4.17m x 3.81m (13'8" x 12'6")
Bedroom Two - 3.63m x 3.51m (11'11" x 11'6")
Dining Room/Bedroom Three - 3.81m x 3.48m (12'6" x 11'5")
Kitchen - 3.58m x 3.05m (11'9" x 10'0")
Bathroom - 2.72m x 1.63m (8'11" x 5'4")
Separate W.C.
SIXTH FLOOR LANDING
ROOF TERRACE
OUTSIDE
REAR: Private driveway to a generous INNER COURTYARD having further OFF-STREET PARKING.
DETACHED BLOCK OF 3 LOCK-UP GARAGES
EPC
Flat 2 Energy Rating 'C' (Floor Area 94 sq m approx).
Flat 3 Energy Rating 'D' (Floor Area 102 sq m approx).
Flat 4 Energy Rating 'C' (Floor Area 93 sq m approx).
Flat 5 Energy Rating 'C' (Floor Area 94 sq m approx).
Flat 6 Energy Rating 'F' (Floor Area 93 sq m approx).
*AUCTION PROCESS
ADDITIONAL AUCTION COSTS
VIEWING
D. M. NESBIT & CO.
(17558/052393)
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.
- Garage,Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Southsea Terrace, Southsea PO5 3AU
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Visit our security centre to find out moreDisclaimer - Property reference S1389329. 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.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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