Key Details

• EXCELLENT INVESTMENT OPPORTUNITY
• BLOCK OF THREE APARTMENTS
• SOLD WITH FREEHOLD INTEREST
• POTENTIAL 6%+ YIELD
• 2 x TWO BEDROOM APARTMENTS
• 1 X ONE BEDROOM APARTMENT
• CENTRAL SOUTHSEA LOCATION
• ALL CURRENTLY LET
• NO FORWARD CHAIN
• A MUST VIEW

Full Description

* * * INVESTMENT OPPORTUNITY – 3 UNITS – FREEHOLD ***
* * * £1,815 COMBINED INCOME PER MONTH WITH NO SERVICE CHARGE OR GROUND RENT* * *

Bernards are pleased to bring to the market this truly unique investment opportunity.

Located in a central location, the block consists of three apartments all of which are currently let.

The first flat is accessed on Victoria Road North and measures approximately 75 Sq Meters. The flat itself includes a modern kitchen/diner, through which you have stairs down to the basement, which measures over 20ft in length and is an excellent lounge space. Moving back to the ground floor, the flat has a double bedroom, with french doors that lead into the private courtyard. Finally, the flat is completed by the modern three-piece bathroom and two large storage cupboards.

The additional two flats are identical in layout and are accessed to the rear of the building, via an alley and shared courtyard, which also has a storage and bin store. The well maintained communal staircase accesses the second and third floor, where each flat is located

Both flats measure approximately 50 Sq Meters and consists of two double bedrooms, a modern bathroom and an open plan kitchen/living area, and again are both currently let.

We can advise that we currently achieve a combined rental the three residential units of £1,815.00PCM. This would provide a 5.45% gross return based on the current asking price.

If you would like any more information or to book a viewing on this opportunity, please call Bernards Southsea office today on 023 9286 4974.

GROUND FLOOR FLAT

75 sq (246’0″ sq)
CURRENTLY LET @£650 PCM

The first flat is accessed on Victoria Road North and measures approximately 75 Sq Meters. The flat itself includes a modern kitchen/diner, through which you have stairs down to the basement, which measures over 20ft in length and is an excellent lounge space. Moving back to the ground floor, the flat has a double bedroom, with french doors that lead into the private courtyard. Finally, the flat is completed by the modern three-piece bathroom and two large storage cupboards.

SECOND FLOOR FLAT

50 sq (164’0″ sq)
CURRENTLY LET @£595 PCM

Accessed to the rear of the building, via an alley and shared courtyard, which also has a storage and bin store. The well maintained communal staircase accesses the second floor

Both flats measure approximately 50 Sq Meters and consists of two double bedrooms, a modern bathroom and an open plan kitchen/living area

THIRD FLOOR FLAT

15.24m sq (50 sq)
CURRENTLY LET @£595 PCM

Accessed to the rear of the building, via an alley and shared courtyard, which also has a storage and bin store. The well maintained communal staircase accesses the third floor

Both flats measure approximately 50 Sq Meters and consists of two double bedrooms, a modern bathroom and an open plan kitchen/living area

Anti-Money Laundering (AML)

Bernards Estate agents have a legal obligation to complete anti-money laundering checks. The AML check should be completed in branch. Please call the office to book an AML check if you would like to make an offer on this property. Please note the AML check includes taking a copy of the two forms of identification for each purchaser. A proof of address and proof of name document is required. Please note we cannot put forward an offer without the AML check being completed

Removal Quotes

As part of our drive to assist clients with all aspects of the moving process, we have sourced a reputable removal company. Please ask a member of our sales team for further details and a quotation.

Solicitor

Choosing the right conveyancing solicitor is extremely important to ensure that you obtain an effective yet cost-efficient solution. The lure of supposedly cheaper on-line “conveyancing warehouse” style services can be very difficult to ignore but this is a route fraught with problems that we strongly urge you to avoid. A local, established and experienced conveyancer will safeguard your interests and get the job done in a timely manner. Bernards can recommend several local firms of solicitors who have the necessary local knowledge and will provide a personable service. Please ask a member of our sales team for further details.

Offer Check Procedure –

If you are considering making an offer for this or any other property we are marketing, please make early contact with your local office to enable us to verify your buying position. Our Sellers expect us to report on a Buyer’s proceedability whenever we submit an offer. Thank you.

Letting Information

We can advise that we currently achieve a combined rental the three residential units of £1,840.00PCM. This would provide a 5.52% gross return based on the current asking price.

If you would like any more information or to book a viewing on this opportunity, please call Bernards Southsea office today on 023 9286 4974.