Victoria Road South, Southsea
Guide price £460,000, 8 bedrooms, house, for sale

Key features

  • SOLD VIA ONLINE AUCTION 25TH SEPTEMBER 4-7PM
  • 8 BEDROOM FURNISHED HMO
  • INCOME £51,960 GROSS INCOME INC BILLS
  • 7.5% NET RETURN
  • 2 SHOWER ROOMS AND A BATHROOM
  • DOUBLE GLAZING
  • GAS CENTRAL HEATING
  • COMMUNAL LIVING ROOM & KITCHEN

Property Description

GUIDE PRICE £460,000 THIS FANTASTIC OPPORTUNITY WILL BE SOLD VIA OUR ONLINE AUCTION ON THE 4TH OF NOVEMBER BETWEEN 4 & 7PM

PLEASE CALL TULLY AND CO TO REGISTER YOUR INTEREST AND FOR INFORMATION ON VIEWINGS.

THIS EIGHT BEDROOM PROFESSIONAL, FURNISHED HMO IS LOCATED WITHIN CENTRAL SOUTHSEA AND OFFERS A GROSS RENT OF £51,960 PER ANNUM TO INCLUDE BILLS GIVING A NET RETURN IN EXCESS OF 8% (AT £500,000 with full occupancy).

Offering eight bedrooms, communal living room, communal kitchen, two shower rooms & bathroom.

Benefits include double glazing & gas central heating. Located a short distance from Southsea seafront, cafe's, restaurants and bars, this property has proved a popular choice with tenants during our client's ownership.

A great investment with an attractive return!

( We have been advised that monthly expenditure is £734.82 PCM )

BEDROOM 4.24m'' x 4.22m'' (13'11'' x 13'10'')

SHOWER ROOM

COMMUNAL KITCHEN

COMMUNAL LIVING ROOM

FIRST FLOOR

BEDROOM 4.24m'' x 3.12m'' (13'11'' x 10'3'')

BEDROOM 4.50m'' x 3.56m'' (14'9'' x 11'8'')

BEDROOM 3.10m'' x 2.26m'' (10'2'' x 7'5'')

BATHROOM

SHOWER ROOM

SECOND FLOOR

BEDROOM 4.24m'' x 3.25m'' (13'11'' x 10'8'')

BEDROOM 4.52m'' x 3.56m'' (14'10'' x 11'8'')

BEDROOM 3.02m'' x 2.97m'' (9'11'' x 9'9'')

REAR GARDEN

AGENTS NOTES
This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE ASKING PRICE. Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid.

**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.

"To all the staff at Tullys Thanks for all your support over the years."
From Mr and Mrs Barnes