Albert Road, Southsea
Asking Price £150,000
1 Bedroom Apartment - Purpose Built
- INVESTMENT OPPORTUNITY & SHARE OF FREEHOLD
- GROSS RENTAL YIELD OF 7.2% PER ANNUM
- ASSURED SHORTHOLD TENANCY UNTIL 12/02/2026
- 1 BEDROOM 2ND FLOOR APARTMENT
- SECURE AND GATED PARKING TO REAR
- DOUBLE BEDROOM
- LOUNGE
- KITCHEN & BATHROOM
- GREAT LOCATION CLOSE TO AMENITIES
INVESTMENT OPPORTUNITY WITH 7.2% GROSS RENTAL YIELD. We are pleased to offer for sale this 1 bedroom 2nd floor apartment with allocated parking and share of freehold. The property is being sold as a going concern with tenants in situ who are currently paying £900pcm and has an Assured Shorthold Tenancy until12th February 2026. The accommodation comprises a double bedroom, lounge, fitted kitchen and bathroom. The property has double glazing, gas central heating and parking to rear accessed via secure gated entrance. Located in Albert Road close to amenities, bars, restaurants, shops, supermarkets, bus routes and train station. Within walking distance of seafront and Palmerston Road Shopping Precinct.
Secure/Gated Entrance
Secure gated entrance for both pedestrians and vehicles.
Communal Front Door
Stairs to 2nd floor with flat front door to:
Entrance Lobby
0.84m x 0.94m (2'9 x 3'1)Laminate flooring, meter cupboard, door to:
Entrance Hall
3.66m x 0.94m (12' x 3'1)Laminate flooring, coved ceiling, radiator.
Lounge
3.96m x 2.90m (13' x 9'6)Two double glazed windows to front, laminate flooring, coved ceiling, radiator.
Kitchen
2.67m x 1.52m (8'9 x 5')Single drainer stainless steel sink unit with range of wall and base cupboards with work surfaces over. Oven, hob, extractor, washing machine, part tiled walls, double glazed window to side, Vaillant boiler.
Bedroom
3.40m x 2.67m (11'2 x 8'9)Double glazed window to rear, laminate flooring, coved ceiling, radiator, fitted wardrobe.
Bathroom
2.74m x 1.27m (9' x 4'2)Suite comprising bath with shower over, WC, wash hand basin, part tiled walls, radiator.
Parking
Secure and gated entrance giving access to the parking space at the rear of the development.
Additional Information
Tenure - Share of freehold
Length of Lease - 999 Years from 12/04/2002 - 976 years remaining approximately
Service Charge – £1391.36 pa - includes buildings insurance
Ground Rent – N/A
Council Tax Band – A
The information provided about this property does not constitute or form part of an offer or contract, nor may it be used as a representation.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures and fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply they have been tested.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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