117 Festing Grove, Southsea, PO4 9QE
- PROPERTY TYPE
Flat
- SIZE
1,148 sq ft
107 sq m
- 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
Key features
- Southsea is a vibrant and well-established coastal district situated within Portsmouth
- Walking distance to the seafront
- Popular sought after residential area
- Fully let 2 x 1 bedroom flats
- Garden and rear footpath access
- Available as part of a portfolio or individually
- Guide price £465,000
- Rental Income of £21,600 per annum
- Potential for rental growth
Description
The property comprises a two-storey terraced property of brick construction with a large front bay under a pitched tiled roof. The premises have been split into two flats with a shared entrance and foyer on the ground floor.
The ground floor flat is a one-bedded flat with a front room, bedroom, dining room, kitchen and bathroom with shower to the rear. The current tenant uses the front room as the bedroom. Subject to regulations, this could be a two-bed premises. The ground floor tenant has access to the garden which is well-maintained. There is rear access via an alleyway that runs parallel to the houses on Festing Grove.
The first-floor flat is smaller in size and features a bedroom, lounge, kitchen and bathroom with bath/shower.
Should the tenants vacate, there is potential to convert the property back into a family dwelling, in a sought after area, STPP.
Location
Southsea is a popular residential suburb of Portsmouth, situated at the southern end of Portsea Island. Portsmouth has benefited from significant regeneration in recent years, enhancing its appeal as a commercial, leisure and residential destination.
The city is approximately 65 miles south-west of London and 19 miles east of Southampton, with excellent road links via the M275 and M27. Regular direct rail services from Portsmouth & Southsea and Portsmouth Harbour stations provide access to London Waterloo in approximately 90 minutes.
The subject property is on the northern side of Festing Grove, near its junction with St Georges Road. Festing Grove is a desirable road to live in Southsea due to its larger plot sizes and close proximity to the seafront.
Terms
We are instructed to sell the freehold interest at £465,000 exclusive.
VAT
The property is not elected for VAT.
Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction.
Anti Money Laundering
In accordance with regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Tenancy
The two flats are let on individual AST's to private individuals. 117a is let at £975 pcm / £11,700 per annum. 117b is let at £825 pcm / £9,900 per annum.
The total rent for the property is £21,600 per annum.
Brochures
BrochureBrochure- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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
Energy performance certificate - ask agent
117 Festing Grove, Southsea, PO4 9QE
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Visit our security centre to find out moreDisclaimer - Property reference 378730-1. 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 Vail Williams, Portsmouth. 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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