Auction Marketing Details – Flat 1, Clare House, Grove road, Southsea PO5 1JL.pdf
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Flat 1, Clare House, PO5 1JL - Guide Price £75,000+ 
Features
Online auction date 10 & 11 November
Guide price £75,000+
Ground floor studio flat
To be sold with the tenant in situ
Private courtyard area
Rental income of £850 pcm
Suitable for investors only
Car parking space included
Gross yield of 10.2%
Current ground rent of £50 pa
OVERVIEW
For sale by online auction, a ground floor studio flat which is to be sold with the tenant in situ.
There is separate ensuite bathroom adjacent to the entrance, with the remaining accommodation being open plan. The kitchen area is on the right hand side of the flat next to the bathroom.
A set of double doors within the main living space open up on to a private courtyard area which has been paved and accommodates a garden shed.
The property is to be sold with the tenant in situ, therefore suitable for investment purposes only. The rent payable on the tenancy agreement is £850 per calendar month.
Southsea is located in the south of Portsmouth and the property is situated on the west side of Grove Road North, off Elm Grove.
Floor Area
Total floor area: 25 m2 / 269 ft2
(taken from floor plan)
Council Tax
Rated within council tax band A.
EPC
The property is rated within band D and expires on the 9th of June 2035
https://find-energycertificate.service.gov.uk/energy-certificate/5009-3585-3712-0096-7202
Broadband Checker
https://www.broadband.co.uk/checker/
Tenure
Long leasehold for a term of 125 years from 11th November 1986. The ground rent is currently £50 pa increasing to £75 in 2026 for another 40 years.
Rent
The rent is currently £850 pcm.
Viewings
Please contact John Pye Property by email at [email protected] or on 0115 9706060.
Buyers Premium
3% (min.£4,500) inc. VAT
Deposit
10% deposit payable in addition to the Buyer’s Premium