Tenanted three bedroom semi-detached property.

Enjoy rental income from day one with this tenanted three bedroom semi-detached property, conveniently located approximately two and a half miles north of Portsmouth city centre. Over two levels, the accommodation comprises two public rooms, kitchen, three bedrooms and bathroom. The property also offers off-street parking and large rear gardens. The tenant has been in situ for almost twenty years and is currently paying £1,095 per calendar month which equates to an attractive 8.2% at guide price. This is an ideal addition to a rental portfolio, and early expression of interest is essential.

Tenure

Freehold

Area

Fifth Avenue is within the popular Drayton area to the north of Portsmouth city centre and offers buy to let investors attractive yields, strong tenant demand and steady capital growth. The local area offers a variety of retail and leisure options, with a wider range in nearby Portsmouth city centre. The area offers well regarded schooling, and commuters will enjoy the close proximity to A3(M) and M27.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Portsmouth City Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

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