Floorplan
Map1 bedroom flat for sale
Key information
Features and description
- Being Sold via Secure Sale Online Bidding T&C's Apply
- One Bedroom Apartment
- Sold Tenanted achieving £825 PCM
- Ideal Investment Opportunity
- Close to all Local Amenities and Travel Links
Pattinson Auction are pleased to present this lovely leasehold property, situated on the bustling London Road in Portsmouth for sale.
This charming apartment offers a perfect blend of comfort and convenience. Spanning 441 square feet, the property features a comfortable and well appointed reception room that serves as an ideal space for relaxation or entertaining guests. The well proportioned double bedroom provides a peaceful retreat, perfect for unwinding after a long day.
The apartment includes a modern bathroom, designed with functionality in mind and the layout of the property maximises space, ensuring that every corner is utilised effectively. The location is particularly advantageous, with easy access to local shops, restaurants and transport links, making it an excellent choice for investors looking for a rental property in the heart of the city.
This delightful apartment is a wonderful opportunity with £825.00 per calendar month rent being achieved (£9,900 per annum).
Council tax band A
Lease: 125 years from 2002
Ground rent: £150 per annum
Service charge: £1,000.00 per annum
All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and / or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their Solicitors as to the freehold / Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended / converted as to Planning Approval and Building Regulations compliance. These particulars do not constitute or form part of an offer or contract, nor may they be regarded as representations. All interested parties must, themselves verify their accuracy. Where a room layout is included, this is for general guidance only, it is not to scale, and its accuracy cannot be confirmed.
Lounge/Kitchen - 7.8 x 3.65 (25'7" x 11'11") - Door from forecourt leading to large lounge area incorporating the kitchen. Laminate flooring ans large radiator Windows to front and side aspect. Kitchen compromises of tiled flooring, fitted base and wall units housing oven and gas hob. Stainless steel sink and drainer. Space for washing machine and fridge freezer.
Bedroom - 5.25 x 3.65 (17'2" x 11'11") - Large double bedroom leading from hallway with storage. Plastered walls and ceiling. Radiator and door to bathroom.
Bathroom - 1.75 1.55 (5'8" 5'1") - Bathroom with tiled flooring and walls. Bath with overhead shower, WC and hand basin.
Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 102
Annual Ground Rent Amount: £150.00
Annual Service Charge Amount: £1,000.00
Rooms
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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