Festing Grove, Southsea
£1,125,000, 14 bedrooms, house, for sale

*** A RARE OPPORTUNITY *** *** TWO FREEHOLD BLOCKS CONTAINING 12 SELF-CONTAINED STUDIOS ***
*** TWO FURTHER FLATS *** *** POTENTIAL FOR FURTHER DEVELOPMENT INTO BASEMENT, SUBJECT TO PLANNING *** *** CURRENTLY LET PRODUCING CIRCA £108,000 GROSS P/A ***

A unique opportunity to purchase two freehold blocks benefitting from conversion to provide 12 self-contained studio flats and two further letting units (with shared facilities). Interlinked with a hard-wired fire alarm and internal fire escape proving access between the properties, along with a vast and un-exploited basement spanning both properties, these two buildings are now offered for sale as one self-contained investment.

We are informed that all units are separately rated for Council Tax.

This is an outstanding opportunity for the discerning investor. Viewing by prior arrangement.

ENTRANCE TO NUMBER 72
Storm doors into inner lobby, main door into communal hallway. Doors to all units, basement and stairs to upper floors. Upper floor access to number 74 via internal fire escape door.

ENTRANCE TO NUMBER 74
Storm doors into inner lobby, main door into communal hallway. Doors to all units, basement and stairs to upper floors. Upper floor access to number 74 via internal fire escape door.

FURTHER INFORMATION
TENURE: Each property is held on a separate Freehold title.
COUNCIL TAX BAND: A - each unit is separately rated for Council Tax, all band A.

Due to the nature of the conversion, interest is invited for both properties as one transaction. The properties will not be split and therefore potential buyers should carefully consider their ability to purchase both properties.
The sale is subject to ongoing tenancies.
All gross income figures are provided for guidance.

Photos supplied by the vendor following conversion.