Description
TO BE SOLD BY PUBLIC AUCTION AT A DATE TO BE CONFIRMED
(UNLESS SOLD PREVIOUSLY).
GUIDE PRICE: £110,000-£115,000.
We invite IMMEDIATE CASH OFFERS, prior to possible Public Auction, for this well-situated, ex-rental ONE BEDROOM TOP FLOOR FLAT with replacement double-glazing, gas central heating, equipped kitchen, and extended lease agreed. An excellent opportunity for investors in particular, having a projected return of around £800 p.c.m. (equivalent to a gross yield of 8.5% p.a. approx.). Shaftesbury Road runs between Kent Road and Osborne Road, No. 15 being on the east side. This very convenient residential address, in the heart of Southsea Town Centre, places a wide range of public amenities within a radius of some three-quarters of a mile only, including: Seafront leisure and recreation facilities, Portsmouth University campus, various schools, shops and eateries, and the many attractions of historic Old Portsmouth. he flat itself is one of four units within a late-Victorian, semi-detached property having brick elevations under a gabled, slate roof, the facade incorporating recessed porch and double splay bay window. Let until recently, it is presented in fair condition and is considered an ideal, modestly priced addition to an investment portfolio. Full particulars are given as follows and early enquiry is urged:
Balustraded steps up to arched and recessed ENTRANCE PORCH with part-glazed main front door to:
COMMON LOBBY
Stairs to upper floors.
15D
Private front door at Lower Half Landing level, with, stairs to:
LANDING
Artex ceiling. UPVC replacement double-glazed window to side elevation. Built-in cupboard housing 'Worcester' gas fired central heating and hot water boiler. Cupboard housing circuit breakers. Useful storage cupboard. Single panel radiator.
KITCHEN - 2.21m x 2.06m (7'3" x 6'9")
Fitted and equipped with: base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel inset sink with mixer tap, electric oven, 4-ring gas hob with integrated extractor. Plumbing for washing machine. Single panel radiator. UPVC replacement double-glazed window to side elevation. Artex ceiling.
BEDROOM - 3.56m x 3.53m (11'8" x 11'7")
Part-sloping, Artex ceiling. Roof window to rear elevation. Fire door to adjoining building. Single panel radiator. Door to:
EN-SUITE BATHROOM & W.C. - 2.08m x 2.06m (6'10" x 6'9")
White suite comprising: panelled bath, pedestal handbasin, and low flush w.c. Extractor. Double panel radiator. UPVC replacement obscure double-glazed window to side elevation. Part-sloping, textured Artex ceiling.
LIVING ROOM - 4.88m x 3.33m (16'0" x 10'11")
Part-sloping, Artex ceiling with 'Velux' roof window to side elevation. UPVC replacement double-glazed window to front elevation. Cupboard housing gas meter. Two single panel radiators.
GENERAL INFORMATION
Tenure: 99 years from 24.6.1982 (58 years remaining).
IMPORTANT NOTE: the seller has agreed terms with the freeholder (Vivid) in respect of a LEASE EXTENSION (990 years from 24.6.1982) the benefit of which will be passed to the buyer upon completion.
Maintenance Charge: £155 per month (to include Sinking Fund).
Ground Rent: Nil upon extension.
Council Tax: Band 'A' - £1383.64 per annum (2024-25).
EPC 'C'
VIEWING
By appointment with AUCTIONEERS,
D. M. NESBIT & CO.
(17757/048303)
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).