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24 Elm Grove, Southsea, Hampshire Mixed use for sale
24 Elm Grove, Southsea, Hampshire
£495,000
24 Elm Grove, Southsea, Hampshire
£495,000
Our Summary
- Residential EPC: ECommercial EPC: CImportant:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
- Auction Date : 11 December 2025
- For Sale by Online Auction
Description
This Victorian building in central Southsea offers a commercial investment opportunity with a ground floor convenience store let under a commercial lease, generating £1,125 per month, and four self-contained flats above, let on Assured Shorthold Tenancy Agreements. The flats, each with its own entrance, range from a one-bedroom to a two-bedroom property and are currently rented at £830, £750, £650, and £1,150 per month, respectively. The building benefits from a prominent location, with the commercial unit facing Elm Grove and the flats above sharing a communal entrance and stairwell. The property has a total floor area of 151 sq.m. and is rated C for energy efficiency for the commercial unit and D/E for the residential flats. The tenancy agreements and commercial lease will be included in the legal pack, and interested applicants are advised to verify the information provided.