CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £80,000 - Available

166b, Southsea, Hampshire

1 bedroom - Flat
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Description

TO BE SOLD BY PUBLIC AUCTION AT A DATE TO BE CONFIRMED
(UNLESS SOLD PREVIOUSLY).
GUIDE PRICE:  £80,000-£85,000.
We invite IMMEDIATE CASH OFFERS prior to possible Public Auction for this well-situated VACANT ONE BEDROOM FIRST FLOOR FLAT, very keenly guided to reflect a SHORT LEASE TERM together with a NEED FOR GENERAL UP-DATING; of interest to owner-occupiers or investors in particular, with a projected rental return of around £800 p.c.m.  Highland Road runs from Festing Road/Albert Road junction to the main Eastney Road, No. 166 being on the south side a short distance from the latter, an exceptionally convenient address some quarter of a mile only from The Seafront, a little over a mile from Southsea Town Centre (Palmerston Road Shopping Precinct), and within comfortable reach of a wide range of public amenities. The flat itself is one of two units within an inner-terrace, flat-fronted property, converted in the late-1980s and having a brick facade under a tiled roof. Formerly privately owned and occupied, it benefits from gas fired central heating but, as stated, now requires a programme of refurbishment throughout, upon completion of which it is considered ideal for continued owner-occupation, or for lucrative, high-yield letting. A worthwhile, low cost addition to any investment portfolio. Full particulars are given as follows:

RECESSED PORCH

Doors to upper and lower units.

166B

Private front door to:

GROUND FLOOR LOBBY

Stairs to:

FIRST FLOOR

LANDING

Textured Artex ceiling with access to Loft Space. Built-in storage cupboard. Single panel radiator.

BATHROOM & W.C.

Coloured panelled bath and handbasin; white low flush w.c. Single panel radiator. Obscure-glass window. Artex ceiling.

KITCHEN - 2.18m x 2.08m (7'2" x 6'10")

Fitted base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel sink with mixer tap. Plumbing for washing machine. Electric cooker point. 'Ideal' gas fired central heating and hot water boiler. Window to rear elevation. Textured Artex ceiling and walls.

BEDROOM - 3.2m x 2.49m (10'6" x 8'2")

Window to rear elevation. Single panel radiator.

LIVING ROOM - 4.42m x 3.99m (14'6" x 13'1")

Textured Artex ceiling. Sash window to front elevation having secondary double-glazing. Built-in storage cupboard. Double panel radiator. Corner cupboard having gas and electricity meters.

GENERAL INFORMATION

TENURE: 99 years leasehold from 24.06.1987 (62 years remaining)
MAINTENANCE CHARGE:  50% of building outgoings, payable on an ad hoc basis. No regular sum is paid barring building insurance premium.
GROUND RENT: £149 p.a.
COUNCIL TAX:  Band 'A' - £1,383.64 per annum (2024-25).

EPC 'C'

VIEWING

By appointment with AUCTIONEERS & SOLE AGENTS,
D. M. NESBIT & CO.
(17854/049326)

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).

Key Contacts

Southsea Office

7 Clarendon Road, Southsea, Portsmouth
Hampshire PO5 2ED

Tel: 023 9286 4321

Robin Evans - Head of Residential Sales
robinevans@nesbits.co.uk

Hannah Prichard - Sales Negotiator
hannah@nesbits.co.uk

Jackie Evans - Sales Negotiator
jackie@nesbits.co.uk

Alison Weeden - Secretary
alisonw@nesbits.co.uk

RICS

Nesbit properties are on rightmove