A one-bedroom apartment located in the Elm Grove shopping parade is up for auction on April 15, 2025. The property is a split-level flat with accommodation over two floors, currently let at £650 per month (£7,800 per annum). The lease was granted in 1982 and has 90 years remaining, with a peppercorn ground rent. The flat is in good condition and is an ideal investment purchase for landlords. The property is situated close to Fratton train station and Southsea seafront, with a range of local amenities nearby. The guide price is not a valuation or assessment of value, and interested buyers are advised to make their own enquiries and satisfy themselves as to the status of the tenancy before bidding.