161-165 Highland Road, Southsea PO4 9EY & Flats 1-4 Hellyer Road, Southsea, Hampshire, PO4 9DH
- PROPERTY TYPE
End of Terrace
- BEDROOMS
5
- BATHROOMS
4
- 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: £600,000-£650,000.
We invite IMMEDIATE CASH OFFERS (on strict Auction terms) for this valuable and very substantial MIXED COMMERCIAL/RESIDENTIAL INVESTMENT OPPORTUNITY with much potential; comprising three linked buildings now affording FOUR SELF-CONTAINED FLATS (3 x one bedroom, 1 x two), ALL LET, plus VACANT SHOP (294 sq m approx) AND BASEMENT (97 sq m approx); having a current/projected return of around £65,000 p.a. - EQUIVALENT TO A GROSS ANNUAL YIELD OF SOME 10%. Highland Road runs from Albert/Festing Road junction to the main Eastney Road, the premises occupying a prominent corner position on the north side at the junction with Hellyer Road. This popular and convenient location is less than half a mile from Southsea Seafront and places a wide range of public amenities within comfortable reach. Currently VACANT, the extensive ground floor commercial element was let until recently (t/a The Hideaway Cafe/Bar/Bistro & Dog Services) at £30,000 p.a. The upper residential element underwent comprehensive conversion/extension in 2010, now affording four, well-appointed self-contained apartments, ALL LET on Assured Shorthold Tenancies and producing £35,520 p.a. (with scope, it is felt, for uplift). The generous basement, together with rear flat roof, may, it is felt, hold scope for further development (subject to the necessary consents. All in all a lucrative investment opportunity, and a very worthwhile addition to any portfolio. Full particulars of the Lot are as follows:
161-165 HIGHLAND ROAD, SOUTHSEA PO4 9EY (VACANT)
MAIN SHOP
Width: 43'10 (13.36m)
Ceiling Height: 9'10 (3.00m)
Glazed on two side. Access to Basement.
Incorporating:
PARTITIONED OFFICE - 7.9m x 4.83m (25'11" x 15'10")
CLOAKROOM & W.C.
KITCHENETTE - 4.57m x 1.83m (15'0" x 6'0")
INNER LOBBY to:
ROOM ONE - 3.96m x 3.15m (13'0" x 10'4")
ROOM TWO - 5.28m x 4.55m (17'4" x 14'11")
ROOM THREE - 7.75m x 7.59m (25'5" x 24'11")
ROOM FOUR - 3.91m x 3.43m (12'10" x 11'3")
TOTAL FLOOR AREA
BASEMENT
Room One - 6.83m x 4.52m (22'5" x 14'10")
Through to:
Room Two - 7.7m x 4.5m (25'3" x 14'9")
Through to:
Room Three - 7.59m x 4.11m (24'11" x 13'6")
TOTAL FLOOR AREA
FLATS 1-4, 1A HELLYER ROAD, SOUTHSEA PO4 9DH
GROUND FLOOR LOBBY
FLAT 1 (FIRST FLOOR REAR) LET AT £535 PCM
Lobby
Living Room/Kitchen - 4.75m x 4.7m (15'7" x 15'5")
Kitchen Area: fitted and equipped with base and wall cupboards, work surfaces with matching surround, single drainer stainless steel sink unit, electric oven, and 4-ring hob.
Inner Hall
Shower Room & W.C.
Bedroom - 3.61m x 1.88m (11'10" x 6'2")
FLAT 2 (FIRST FLOOR FRONT) LET AT £850 PCM
Entrance Hall
Bathroom & W.C. - 2.03m x 1.8m (6'8" x 5'11")
Living Room/Kitchen - 6.32m x 4.57m (20'9" x 15'0")
Kitchen Area: similar to Flat 1.
Bedroom One - 4.78m x 3.1m (15'8" x 10'2")
Bedroom Two - 3.4m x 3.1m (11'2" x 10'2")
FLAT 3 (FIRST FLOOR FRONT/REAR) LET AT £775
Lobby
Inner Hall
Living Room/Kitchen - 5.77m x 4.62m (18'11" x 15'2")
Kitchen Area: similar to Flat 1.
Bathroom & W.C.
Bedroom - 3.56m x 2.97m (11'8" x 9'9")
FLAT 4 (TOP FLOOR SIDE/REAR) LET AT £800 PCM
Second Floor Landing
Shower Room & W.C. - 2.57m x 1.42m (8'5" x 4'8")
Bedroom - 3.28m x 2.62m (10'9" x 8'7")
Living Room/Kitchen - 4.57m x 3.58m (15'0" x 11'9")
Kitchen Area: similar to Flat 1.
Useful BOX ROOM off.
OUTSIDE
SIDE: Bin store. Brick-built cycle store for each of the four flats.
REAR: Small yard with access to flat roof, also having rear access.
AUCTION PROCESS
ADDITIONAL AUCTION COSTS
EPC
FLAT 1 'D' FLATS 2,3, & 4 'C'
COUNCIL TAX
VIEWING
D. M. NESBIT & CO.
(17587/039246)
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.
- Terrace
- 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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161-165 Highland Road, Southsea PO4 9EY & Flats 1-4 Hellyer Road, Southsea, Hampshire, PO4 9DH
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Visit our security centre to find out moreDisclaimer - Property reference S1473187. 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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