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1 bedroom apartment for sale
Elm Grove, SOUTHSEA
£60,000
Elm Grove, SOUTHSEA
£60,000
Our Summary
- SUMMARYAVAILABLE AT £60,000 - > Split level first & second floor one bed apartment > In good condition with an extended lease > Let at £7,800 PA – ideal investment purchaseDESCRIPTION*** TO BE SOLD BY PUBLIC AUCTION ON 15TH APRIL 2025 2025 AT THE GRAND CONNAUGHT ROOMS, 61 - 65 GREAT QUEEN STREET, LONDON, WC2B 5DA (Online bidding available) ***TenureLeaseholdLease DetailsThe Lease is dated 3rd August 2023 from and including 29th September 1982 to and including 27th September 2171 with a peppercorn ground rent
- UNSOLD AT AUCTION
Description
A one-bedroom apartment is available for sale at £60,000, with an extended lease and a current rental income of £7,800 per annum. The property is located in the Elm Grove shopping parade, close to Fratton train station and Southsea seafront. The apartment is accessed from the rear of the building and has accommodation over two floors, including a living room, kitchen, bedroom, and shower room. The property is currently let on an AST agreement at £650 per month, making it an ideal investment purchase for landlords. The guide price is £60,000, and the property will be sold at public auction on April 15, 2025.