CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Price £185,000 - Sold Subject To Contract

Merton Road, Hampshire

2 bedroom - Flat
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Description

OF INTEREST TO INVESTORS ONLY: enjoying a much sought-after location in the very HEART OF SOUTHSEA TOWN CENTRE, this well-appointed purpose-built TWO DOUBLE BEDROOM TOP (3rd) FLOOR APARTMENT benefits from a PRIVATE GARAGE, balcony, gas central heating, and UPVC replacement double-glazing. It is LET CURRENTLY AT £750 p.c.m. (gross annual yield, 4.87% approx.) with scope for uplift. Part of an historic Conservation Area (Owen''s Southsea), Merton Road winds between Grove Road South and Victoria Road South, with Spencer Court, and its sister block Selma Court, standing on the south side at the junction with Nelson Road. This desirable, exceptionally convenient, yet tucked-away residential address is a level walk of just a few minutes from Palmerston Road Shopping Precinct, and places a wide range of public amenities within a radius of some one mile only, including: Southsea Seafront, main-line stations, University Campus, various good schools, and the many attractions of historic Old Portsmouth.

Within a mid-1960s'' four-storey development, Flat 11 itself affords unusually generous accommodation (84 sq m approx) including a 19ft living room. It is LET currently on an Assured Shorthold Tenancy (now holding over on a month-to-month basis) at a current rent of £750 p.c.m. to include the associated single lock-up garage. It is felt that the present rent is below the market norm, there being scope therefore for future uplift. Full particulars of this first-class investment opportunity are given as follows:


Pair of glazed main doors, with SECURITY ENTRY SYSTEM, to:

COMMON LOBBY
Door to rear of building. Stairs to upper floors.

3rd FLOOR LANDING
Refuse disposal chute.

FLAT 11

ENTRANCE HALL
Single panel radiator.

BATHROOM & W.C. 11'6 x 4'10
White suite comprising: panelled bath with mixer tap and shower attachment, pedestal handbasin with mixer tap, and low flush w.c. Double panel radiator. UPVC replacement obscure double-glazed window.

LIVING AND DINING ROOM 19'4 x 15'7
Two double panel radiators. Pair of multi-pane glazed doors from Hall. Virtually full-width double-glazing to front elevation, incorporating pair of sliding patio doors to:

BALCONY

BEDROOM ONE 18'11 x 11'11
UPVC replacement double-glazed window. 1 double and 1 single built-in wardrobe. Double panel radiator.

BEDROOM TWO 12'11 x 8'9
UPVC replacement double-glazed window. Double built-in wardrobe. Double panel radiator.

KITCHEN 11'7 x 7'2
Fitted and equipped with: base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel inset sink with mixer tap, electric oven, and 4-ring ceramic hob with extractor. 'Ideal' gas fired central heating and hot water boiler. Plumbing for washing machine. UPVC replacement double-glazed window.

OUTSIDE
Communal lawned and tree-planted gardens to front and rear of building.

PRIVATE GARAGE (No. 11)
At rear of building.

LOCK-UP STORE

GENERAL INFORMATION
TENURE: 150 years leasehold from 1965 (94 years remaining).
MAINTENANCE CHARGE: £850.65 p.a.
GROUND RENT: £20 p.a.

COUNCIL TAX
Band 'B' - £1,416.93 p.a. (2021-2022)

EPC 'E'
Https://find-energy-certificate.digital.communities.gov.uk/energy-certificate/0127-2809-7817-9803-2875

VIEWING
By appointment with D. M. NESBIT & CO.
(17462/032191)


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Key Contacts

Southsea Office

7 Clarendon Road, Southsea, Portsmouth
Hampshire PO5 2ED

Tel: 023 9286 4321

Robin Evans - Head of Residential Sales
robinevans@nesbits.co.uk

Hannah Prichard - Sales Negotiator
hannah@nesbits.co.uk

Jackie Evans - Sales Negotiator
jackie@nesbits.co.uk

Alison Weeden - Secretary
alisonw@nesbits.co.uk

RICS

Nesbit properties are on rightmove