One-bedroom investment flat in Southsea

The property is centrally located close to local shops and Portsmouth Town Centre. There is a choice of railway stations within one mile, including Portsmouth & Southsea, Fratton, and Portsmouth Harbour stations. Good road links are easily accessible, including the A3, M3, and coastal motorways. The surrounding area offers a wealth of historical interest and is well served by schools, bus routes, and recreational facilities. This one-bedroom flat forms part of an attractive four-storey brick building and includes a reception room, kitchen, and bathroom. The property extends to approximately 44 square meters. It is currently let, producing an income of £600 per calendar month (£7,200 per annum). Sold with the benefit of this ongoing income, the property represents an ideal investment purchase. Tenure is leasehold, held on a 125-year lease from 1985, leaving approximately 84 years unexpired, with a ground rent of £150 per annum. Local authority is Portsmouth Council, with Council Tax Band A and EPC Band D.