A Vacant Mid Terrace Building Converted to Provide a Ten Room HMO with an Estimated Rental Value of £66,000 per annum.

The property comprises a mid terrace building over ground and two upper floors currently arranged as a ten room HMO.

Tenure

Freehold

Location

The property is situated within a primary shopping parade in the heart of Fratton amongst local shops and amenities. The open spaces of Kingston Park are within easy reach. Transport links are provided by both Fratton and Fratton Goldsmith Avenue rail stations.

Accommodation

Rear Ground Floor Two Reception Rooms Kitchen Separate WC & wash basin First Floor Five Double Rooms One Single Room Two Separate WC's & wash basins Second Floor Four Double Rooms Bathroom with WC & wash basin Separate WC & wash basin

The construction of this property is ongoing and nearing completion. For the avoidance of doubt, this sale does not include the ground floor front retail unit.

Planning

Portsmouth City Council granted the following planning permission (Ref: 16/00649/FUL) on 22nd August 2016: 'Change of use of part ground, first and second floors from a dwelling house (Class C3) to 10 room house in multiple occupation (sui generis) to include construction of single storey rear extension (re-submission of 16/00286/FUL)'.

Viewing Details

Open House Viewings: Thursday 30th March 11:30-12:00 Friday 31st March 11:30-12:00 Monday 3rd April 11:30-12:00 Tuesday 4th April 11:30-12:00

Legal Pack Received

False

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.