Property description

To be sold by public auction (date to be confirmed) unless sold previously.

Guide price; £650,000,

cash offers prior to auction are now invited from investment buyers for this substantial and valuable opportunity, being a detached building arranged as 4 self-contained apartments (2 two-bedroom and 2 large one-bedroom units) currently part let and having a potential income of around £41,000 p.a. (equivalent to a gross yield of some 6%). Somers Road runs between Cottage Grove and Winston Churchill Avenue, Nos. 64 & 66 being on the east side, occupying a bold corner position at the junction with Pains Road. This position places a wide range of public amenities within a radius of some one mile only, including: Southsea Seafront and Town Centre, main-line stations, Portsmouth University Campus, various schools, and the many attractions of historic Old Portsmouth. The building itself features brick and rendered elevations under a modern tiled roof. It stands behind twin forecourts, whilst to the rear and side are two small courtyards, one of which gives access to a useful store with toilet. The ground floor (a former Co-op branch) was converted into residential use around 2001, the upper part pre-existing. The layout now affords 4 generous apartments - 2 with two bedrooms, 2 with one (these holding scope, it is felt, for adaptation to create a second bedroom). Current occupancy is as follows:

64a: Let on an Assured Shorthold Tenancy, until 31st July 2021, at £850 p.c.m.

66a: Let as above.

64b: Vacant possession. This unit is in need of refurbishment.

66b: Let on what is deemed to be a Regulated Tenancy (namely lifetime possession) at £163 per week.

Full particulars are given below and early enquiry is invited:

64a

Approached via private forecourt and front door to:

Lobby

Obscure-glass inner door to:

Living Room/Kitchen - 5.49m x 4.67m (18'0" x 15'4")

Living Area: dual-aspect, with UPVC replacement double-glazed windows to front and side. Night storage radiator.

Kitchen Area: Fitted and equipped with: Base and wall cupboards, work surfaces with tiled surround, breakfast bar, single drainer stainless steel sink unit with mixer tap, electric double oven, and 4-ring electric hob with integrated extractor.

Inner Hall

Approached from Living Room/Kitchen. Night storage radiator.

Bathroom & W.C. - 2.36m x 1.78m (7'9" x 5'10")

White suite comprising: Panelled bath with independent shower mixer, pedestal handbasin, and low flush w.c. UPVC replacement obscure double-glazed wind

Bedroom One - 3.45m x 3.07m (11'4" x 10'1")

UPVC replacement double-glazed window to side elevation. Night storage radiator. Door to:

En-suite Cloak/Utility Room & W.C.

Low flush w.c., inset handbasin with mixer tap plus cupboards under. Plumbing for washing machine. Extractor.

Bedroom Two - 2.69m x 2.67m (8'10" x 8'9")

UPVC replacement double-glazed window to side elevation. Night storage radiator.

66a

Approached via private forecourt and front door to:

Lobby

Obscure-glass inner door to:

Living Room/Kitchen - 5.89m x 4.11m (19'4" x 13'6")

Living Area: UPVC replacement double-glazed window to front elevation. Night storage radiator.

Kitchen Area: Similar to 64a.

Inner Hall

Approached from Living Room/Kitchen. Night storage radiator.

Bedroom One - 4.14m x 2.39m (13'7" x 7'10")

UPVC replacement double-glazed window to side elevation. Night storage radiator.

Bedroom Two - 2.97m x 2.08m (9'9" x 6'10")

UPVC replacement double-glazed window to rear elevation. Night storage radiator. Built-in wardrobe.

Bathroom & W.C. - 3.48m x 1.35m (11'5" x 4'5")

Panelled bath with independent shower mixer, pedestal handbasin, and low flush w.c. Night storage radiator. Extractor. White-aluminium and obscure double-glazed door to:

Courtyard - 7.49m x 1.45m (24'7" x 4'9")

Having access, via floor hatch and steps, to cellar (below the front parts of 64a and 66a).

64b & 66b are both approached from Pains Road via a panelled outer door to:

Ground floor lobby

Staircase to upper floors. Electricity meters for the four units (no current gas supply).

64b

Part-glazed front door to:

Entrance Hall

Access to Loft Space.

Kitchen/Dining Room - 5.13m x 2.03m (16'10" x 6'8")

Access to Loft Space. Two UPVC replacement double-glazed windows to side elevation. Single drainer stainless steel sink unit. Night storage radiator. Door to:

Cloakroom - 1.98m x 1.42m (6'6" x 4'8")

UPVC replacement obscure double-glazed window. Handbasin. Door to:

Shower Room & W.C.

Shower cubicle with independent mixer, high flush w.c. Obscure-glass window.

Bedroom - 4.24m x 2.92m (13'11" x 9'7")

UPVC replacement double-glazed window to side elevation. Night storage radiator.

Dual-aspect Living Room - 4.65m x 4.22m (15'3" x 13'10")

UPVC replacement double-glazed window to front and side. Night storage radiator.

66b

Front door to:

Kitchen/Dining Room - 5.38m x 2.36m (17'8" x 7'9")

Two UPVC replacement double-glazed windows to side elevation. Fitted base cupboards, work surfaces, single drainer stainless steel sink unit. Night storage radiator. Door to:

Bathroom - 2.41m x 2.03m (7'11" x 6'8")

Panelled bath, handbasin, UPVC replacement obscure double-glazed window to side elevation. Door to:

Separate W.C.

High flush suite. UPVC replacement obscure double-glazed window.

From Kitchen/Dining Room to:

Inner Hall

Bedroom - 3.91m x 3.05m (12'10" x 10'0")

UPVC replacement double-glazed window to rear elevation. Night storage radiator.

Living Room - 4.09m x 3.99m (13'5" x 13'1")

UPVC replacement double-glazed window to front elevation. Night storage radiator.

Outside

front: Forecourts to 64a and 66a as described.

Rear: North side: Yard as described. East side: Enclosed yard approached from Pains Road, affording dustbin storage and leading to:

Store room (known as 64c) - 3.96m x 2.39m (13'0" x 7'10")

Having butlers sink with water heater, together with cloakroom & W.C. Off.

Council tax

64a - Band 'A'

64b - Band 'A'

66a - Band 'A'

66b - Band 'A'

EPC

64a 'E'

64b 'E'

66a 'E'

66b 'E'

viewing

By appointment with auctioneers, D. M. Nesbit & co.

(17579/039241)