5 FLATS - £850,000 FREEHOLD

An exciting Freehold investment opportunity consisting five flats arranged over four floors with parking area to side in a rarely found in a purpose built Victorian apartment block. Mostly vacant (one of the five apartments is currently let on an Assured Shorthold Tenancy), when fully occupied the estimated annual income is in the region of £57,000. There are three spacious three bedroom flats and two one bedroom flats that occupy this detached building. The building has undergone a schedule of works in recent years including; A new roof installed in 2016 with a 10 year guarantee, upgraded electrical systems in 2017, including, fire alarms and emergency lighting. Three out of the five apartments have also been renovated with new fittings, floor coverings and decoration however there is still some scope for improvements in the other apartments.

LOCATION

St Ronans Road runs between Albert Road and Waverley Road with Number 10 being found at the southern end. Popular setting about a quarter of a mile off the seafront which offers a comprehensive range of leisure pursuits, close to local shopping on Albert Road and Palmerston Road and regular bus services pass close by.

LIST OF FLATS

Flat 1A - Front lower ground floor - 1 bedroom

Flat 1B - Rear lower ground floor - 1 bedroom

Flat 2 - Entrance floor - 3 bedroom

Flat 3 - First Floor - 3 bedroom

Flat 4 - Top Floor - 3 bedroom

OUTSIDE

The property stands on a reasonable size plot with garden area to rear and a side driveway with off road parking space.

COUNCIL TAX

Portsmouth City Council

Flat 1A - Tax Band - A
Flat 1B - Tax Band - A
Flat 2 - Tax Band - B
Flat 3 - Tax Band - B
Flat 4 - Tax Band - B

Energy Performance Certificate Ratings

Flat 1A - EPC Rating - D
Flat 1B - EPC Rating - D
Flat 2 - EPC Rating - E
Flat 3 - EPC Rating - E
Flat 4 - EPC Rating - E

VIEWING
Please telephone Pearsons to arrange a mutually convenient appointment to view this property.