Previous Auction Properties
Results for 26/09/2019

Flat 16 itself is quietly positioned at the rear of the building with an outlook across the delightful communal garden towards Freemantle Lake Park beyond. As stated, the interior would now reward refurbishment of fittings and decor, the apartment then being ideal for owner-occupation or lucrative letting. Full particulars are as follows:

The apartment is one of six units created from former offices (consent granted July 2007) within a post-war four-storey building having commercial premises at ground level (Amplifon hearing specialists). It is LET currently on an Assured Shorthold Tenancy for twelve months from 9.11.2018 at a rent of £575 p.c.m. Considered a good, high-yielding addition to any investment portfolio, full particulars of this opportunity are given as follows:

Let until recently, Flat 12 itself now requires a program of modernisation with potential thereafter for a rental return of around £8,000 p.a. - equivalent to a yield of some 7.5% (allowing for works). An excellent small addition to an investment portfolio, or an ideal second home for an owner-occupier. Full particulars are as follows:

There are no live in dependents. In addition to the referenced central heating and double-glazing, the property has been the subject of other recent minor improvements/repairs. Elsewise, as will be seen from the accompanying internal photographs, the overall presentation is below average. That being said, with a very respectable gross yield of around 6.5% p.a. and a strong hypothetical Vacant Possession uplift, this opportunity is considered a worthwhile addition to any investment portfolio. Full particulars are as follows:

This inner-terrace property has brick elevations under a modern tiled roof, the facade incorporating recessed porch and double splay bay. It stands behind a shallow forecourt, whilst to the rear is a small garden. As stated, the property is LET on a SECURE STATUTORY (namely LIFETIME) TENANCY at a current Registered Rent of £185 per week, the single female tenant being 87 years of age and with no live-in dependents. Presented in a fair condition, albeit dated, and with a very respectable gross yield of around 6.5% p.a., this opportunity is considered a worthwhile addition to any investment portfolio. Full particulars are given as follows:

The owner being unable to finish the project, the house requires the completion of works and is considered well-suited to acquisition by a builder or investor (rental yield circa £900 p.c.m.), or by a keen owner-occupier seeking a blank canvas opportunity. Full details are as follows:

This inner-terrace character house has brick elevations under a modern tiled roof, the facade featuring recessed porch and single splay bay. It stands behind a shallow forecourt, whilst to the rear is an average-sized garden with easterly aspect and useful shed. Presented in fair condition generally, the property would reward a degree of modernisation, being well-suited, upon completion of works, to re-sale, lucrative letting, or owner-occupation. Full particulars are given as follows:

PLANNING: at close to a 1/4 acre, and with much open space, it is felt the overall site may lend itself to partial or total re-development in some form. Interested parties are advised to make their own enquiries of Portsmouth City Council in this regard and must satisfy themselves as to the position.INCOME: apartments command rents of between £155 and £410 per week (£200-£600 in the case Flat 1) depending upon the time of year.POSSESSION: the Lot will have VACANT POSSESSION upon completion (or subject to existing bookings if sold prior to Auction).CONDITION NOTE: it is readily apparent that 1 Kenilworth Road, the modern dwelling, has suffered some displacement of its "raft" foundations. Any action in this regard will be very much a matter for potential bidders to investigate, although re-building is seen as one option.Full particulars are given as follows: