Palmerston Road, Southsea, PO5 3PR

SUMMARY DESCRIPTION Located within the immediate vicinity of the open green spaces of Southsea Common and the historic waterfront fortifications, this first-floor (top) apartment is a leasehold flat with a 50% share of the freehold. The property comprises a private entrance door opening to a lobby area with stairs leading to the upper-floor landing. There is a front-aspect living room with a box bay window, a rear double bedroom, a modern fitted kitchen, and a bathroom.

This is an ideal starter home and a long-term investment rental opportunity. The property was previously tenanted at £825 per calendar month, offering a 6.1% gross yield.

A fee of £25 + VAT (£30) per purchaser is payable following acceptance of an offer to cover the required ID, AML and Sanctions checks. This fee is non-refundable once the checks have been carried out, even if the sale does not proceed to completion.

ENTRANCE AREA From the road side pavement head down the under croft alley way walkway past the wrought iron entrance gate to the rear of the walkway to the second double glazed entrance door on the right hand side.

ENTRANCE LOBBY Double glazed entrance door opening to the lobby area, coat hanging space and stairs rising to the first floor upper landing area.

UPPER FLOOR LANDING AND STAIRWELL 9' 08" x 6' 04" (2.95m x 1.93m) Landing area with balustrade to the stairwell, stairs leading down to the ground floor level. Doors to the accommodation and sky light window.

LIVING ROOM 14' 07" x 11' 08" (4.44m x 3.56m) Front aspect double glazed box bay window, power points, electric dimplex heater. smooth plastered walls and ceiling. Doorway opening to the landing.

KITCHEN 10' 10" x 6' 04" (3.3m x 1.93m) Fitted units incorporating work surfaces with tiled splash backs, inset stainless steel sink with mixer tap, space for the washing machine, built in oven and hob, space for an upright fridge freezer, front aspect double glazed window and door to the landing.

DOUBLE BEDROOM 12' 08" x 11' 00" (3.86m x 3.35m) Rear aspect double glazed window, power points, dimplex heater, smooth plastered walls and ceiling, built in wardrobes and door to the landing.

FAMILY BATHROOM 8' 02" x 6' 04" (2.49m x 1.93m) Suite comprising low level flush W.C. pedestal wash basin and a panelled bath with shower taps facility and tiled to the principle areas Two rear aspect double glazed windows. Smooth plastered walls and ceilings. Laminate wood flooring and door to the landing

LEASE WITH SHARE OF FREEHOLD The vendors presently own 50% of the freehold and are happy to extend the lease term from its present remaining term of 76 years remaining. They are happy to extend the lease to a full 125 years.