This leasehold ground floor studio flat is located in the heart of Central Southsea, just minutes from the seafront, Southsea Common, and Palmerston Road Shopping Precinct. The property, within a period conversion, offers a studio room with mezzanine and bathroom, with a total floor area of 34 square meters. The flat is vacant and available for sale by auction on January 28, 2026, with a guide price of £40,000. Note that there are special conditions in the legal pack, including a buyer's premium of £1,200 (inc VAT) and other charges in addition to the purchase price. The flat is held on a 125-year lease, with a ground rent of £75 per annum, doubling every 25 years.