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8 bed terraced house
7 Festing Road, Southsea, Hampshire, PO4 0NG
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£680,000
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Our Summary
- FOR SALE BY ONLINE AUCTION - A fully tenanted eight ensuite bedroom HMO let to working professionals producing £76,080 per annum Description Freehold mid-terrace house 8 bedroom all ensuite HMO with communal kitchen and reception room Refurbished to a high standard throughout Benefits from a large rear garden Fully managed in a prime Article 4 location Granted a Certificate of Lawful Development for the existing use as an 8 bedroom House in Multiple Occupation (Sui Generis) Current rental income of £6,340 per month / £76,080 per annum Location Situated on the well-connected Festing Road in Southsea, the property benefits from convenient access via the A2030 and A3
- Planning Planning granted through Portsmouth City Council ref: 22/01313/CPE (12-09-2022) Application for Certificate of Lawful Development for the existing use as an 8 bedroom House in Multiple Occupation (Sui Generis) HMO Compliance - HMO Licence - EICR - Fire Risk Assessment - Emergency Lighting Test - Fire Alarm Test Certificate - Gas Safety Certificate Copies of these documents can be found within the legal pack Auctioneer Notes Internal Images Buyers should note that the internal images have been provided by the seller
- The auctioneers have not had the opportunity to view the property prior to marketing the property for auction
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Description
The property is a freehold mid-terrace house with eight ensuite bedrooms, a communal kitchen, and reception room. It has a large rear garden and has been refurbished to a high standard throughout. The property has 8 ensuite bedrooms, all of which are let to working professionals, producing a rental income of £76,080 per annum.
It is located on Festing Road in Southsea, providing convenient access to public transportation and local amenities.