Description
TO BE SOLD BY PUBLIC AUCTION AT A DATE TO BE CONFIRMED.
(UNLESS SOLD PREVIOUSLY).
GUIDE PRICE: £130,000-£135,000.
We invite IMMEDIATE CASH OFFERS, prior to possible Public Auction, for this lucrative INVESTMENT OPPORTUNITY, being a well-appointed TWO BEDROOM GROUND FLOOR FLAT with equipped Kitchen, 21ft Living Room, gas central heating, replacement double-glazing, and private courtyard; CURRENTLY LET at £900 p.c.m. (equivalent to gross yield of some 8% p.a.). New Road runs from Kingston Road to Copnor Road, No. 220B being on the south side a short distance from the junction with George Street - a convenient location enjoying ready access to a wide range of public amenities. The flat is one of just two units within an end-terrace property having brick and rendered elevations under a modern tiled roof, to the rear is a small private courtyard with southerly aspect. It is LET on an Assured Shorthold Tenancy at £900 p.c.m. (£10,800). Available now at a keen and competitive Guide Price, this opportunity is seen as an excellent addition to any investment portfolio. Full details are given as follows:
UPVC and obscure double-glazed front door to:
LIVING ROOM - 6.48m x 2.74m (21'3" x 9'0")
Coved, textured Artex ceiling. UPVC replacement double-glazed window to front elevation. Double panel radiator. Door to:
INNER HALL
Coved, Artex ceiling. Deep, built-in storage cupboard under stairs.
BEDROOM TWO - 3m x 2.77m (9'10" x 9'1")
Coved ceiling. UPVC replacement double-glazed window to rear elevation. Single panel radiator.
KITCHEN - 4.88m x 2.44m (16'0" x 8'0")
Fitted and equipped with: base and wall cupboards, work surfaces with tiled surround, 1½ bowl stainless steel inset sink with mixer tap, electric oven and 4-ring gas hob with extractor canopy. 'Main' gas fired central heating and hot water boiler. Plumbing for washing machine. UPVC replacement double-glazed window to side elevation; similar adjacent door to courtyard. Door to:
REAR HALL
Coved, Artex ceiling. Double panel radiator.
BATHROOM & W.C.
White suite comprising: panelled bath with mixer tap and shower attachment, pedestal handbasin, and low flush w.c. Single panel radiator. UPVC replacement obscure double-glazed window.
BEDROOM ONE - 3.71m x 2.51m (12'2" x 8'3")
Coved, Artex ceiling. UPVC replacement double-glazed window to rear elevation. Double panel radiator.
OUTSIDE
REAR: 13'6 x 8'0 (4.11m x 2.44m) plus recess. Enclosed private courtyard with walled and fenced surround.
GENERAL INFORMATION
TENURE: 125 years Leasehold from 2.1.2018, 220B holding a 50% share in the building Freehold.
SERVICE CHARGE: 50% of outgoings for the building. No regular payment is
made, barring Building Insurance Premium (£135.02 pa for 2022/23).
COUNCIL TAX: Band 'A' -£1,320.51 per annum (2023-24)
EPC 'D'
VIEWING
By appointment with AUCTIONEERS,
D. M. NESBIT & CO.
(17778/046300)
ADDITIONAL AUCTION COSTS
A Buyer's Premium of £450 + V.A.T., will be payable by the purchaser to the Auctioneers, either in the Saleroom or, if the Lot is sold prior to Auction, at the offices of Nesbit & Co. An Auction Legal Pack (including Contract of Sale and Special Conditions) will be prepared by the Seller's Solicitors and available for inspection by interested parties. Those intending to bid are advised to make themselves aware of the content of the Legal Pack, containing, as it will, information in respect of any other charges that may apply (Search Fees and/or Seller's legal costs for example).